12:19 PM EST, 02/03/2025 (MT Newswires) -- T. Rowe Price Group ( TROW ) said Monday it is collaborating with life insurance and annuity company Aspida Holdings to manage some of Aspida's public and private assets.

The partnership, which includes T. Rowe Price's ( TROW ) alternative credit subsidiary Oak Hill Advisors, also involves exploring product development and other growth initiatives, T. Rowe said.

Terms of the collaboration weren't disclosed.

Shares of T. Rowe Price Group ( TROW ) were down more than 1% in recent trading.

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