Distribution Management Service
Focused on absolute returns and pursuing client objectives since 1986.
We strive to provide an orderly liquidation of clients' private-equity distributions while pursuing an investment return superior to rapid liquidation.
30+ Years
History of delivering on client objectives
78,449
Number of distributions
$59.1 B
Total receipts1,2
16.7 Years
Average life span of client relationships
Key Advantages Backed by Expertise
T. Rowe Price has managed over USD 59 billion in private equity receipts since Distribution Management Service's inception over 38 years ago. Our client base includes some of the most sophisticated private equity investors in the institutional community. We have the tenure, experience, and resources to properly manage all aspects of this complex process.
Prefered Economic Proposition
Selling immediately through standing instructions with the distributing broker usually provides suboptimal returns. We aim to achieve distribution price or greater through the analysis, retention, and informed sale of shares
Extensive Research Coverage
Proprietary analysis conducted by T. Rowe Price's global research platform informs the portfolio manager's disposition strategy
Global Trading Platform
Leverages our size, presence, and experience in small- and mid-cap stocks to secure best execution for our clients
Dedicated Operations Team
Manages the complexities associated with private-equity distributions and relieves clients of the administrative burden
One Point of Contact
Clients are supported by firmwide global resources
Straightforward Fee Schedule
One-time fee based on annual contributions (or proceeds of sales), earned independent of holding period
Your Unique Challenges. Our Expert Solutions.
Our Distribution Management Service manages the complexities and administrative burdens associated with private-equity distributions.
Connect With Us
If you have questions, or would like more information, please contact the Distribution Management Service team.
Meet the Portfolio Manager
Jennifer St. Germain
Jennifer St. Germain is the lead portfolio manager of the Distribution Management Service in the U.S. Equity Division. She is a vice president of T. Rowe Price Group, Inc.
Jennifer's investment experience began in 1993, and she has been with T. Rowe Price since 2004, beginning in the U.S. Equity Division.
Jennifer earned a B.S. in finance from Boston College, Carroll School of Management, and an M.B.A. from Columbia Business School.
1Figures shown in U.S. dollars.
2Assets reported are as of 31 December 2023.
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