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T. Rowe Price company logo
Mutual Fund
troweprice.com

Investments

360

Portfolio Exits

141

Funds

4

Partners & Customers

10

About T. Rowe Price

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on-now, and over the long term. Headquartered in Baltimore, Maryland, T. Rowe Price provides an array of mutual funds, sub-advisory services, separate account management, recordkeeping, and related services for individuals, advisors, institutions, and retirement plan sponsors.

Headquarters Location

100 East Pratt Street

Baltimore, Maryland, 21202,

United States

410-345-2000

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Expert Collections containing T. Rowe Price

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find T. Rowe Price in 2 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

S

Synthetic Biology

382 items

Latest T. Rowe Price News

T. ROWE PRICE: NEW REPORT ON WHY RECENT RETIREES WANT TO RETURN TO WORK

Sep 19, 2023

News provided by Share this article Share toX Millions of retirees returning to part- and full-time work in search of financial and emotional benefits BALTIMORE, Sept. 19, 2023 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, published a report entitled "Unretiring": Why Recent Retirees Want to Go Back to Work . While the COVID-19 pandemic may have created an unusually large wave of retirees who have subsequently returned to the workforce, the study found the trend of returning to work in retirement is continuing to grow1. Of those who consider themselves retired, the report shows that 20% work either part- or full- time, while another 7% of respondents reported looking for employment, post pandemic2. The report also noted many retirees return or continue to work due to their retirement lifestyle and for financial reasons. Roughly 48% of those working in retirement felt they needed to work for financial reasons and were mostly from the lower asset thresholds, which included women and single retirees. The report also found 45% chose to work for social and emotional benefits. Key Insights Many retirees see part-time work as a good transition strategy with 57% of retirees wanting to continue working in some form while 43% would consider stop working all at once. Women and single retirees are more likely than men or married couples to cite income as the primary motivator. Men, in particular, were more likely to cite social connections as motivation to work. Some of the largest financial benefits of additional years of work are delaying retirement account withdrawals and delaying claiming Social Security benefits. At the same time, working in retirement could impact Social Security benefits prior to one's full retirement age (FRA). "Many retirees either choose to work or need work to be included in their retirement lifestyle," says Judith Ward, CFP®, a thought leadership director at T. Rowe Price. "The decision can have many powerful positive effects, not least of which is financial well-being." Also noted in the report, returning to work doesn't always mean returning to a previous career or work arrangement. Many retirees choose new vocations in retirement and may explore causes or fields that align with their passions and build on their professional experience. Others take advantage of remote work, part-time work, or flexible arrangements to achieve a work-life balance that suits their new life stage. ABOUT T. ROWE PRICE Founded in 1937, T. Rowe Price (NASDAQ: TROW ) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages USD$1.40 trillion in assets under management as of August 31, 2023, and serves millions of clients globally. News and other updates can be found on Facebook , Instagram ,  LinkedIn ,  Twitter ,  YouTube , and troweprice.com/newsroom . Important Information This material has been prepared by T. Rowe Price for general and educational purposes only. This material does not provide recommendations concerning investments, investment strategies, or account types. It is not individualized to the needs of any specific investor and is not intended to suggest that any particular investment action is appropriate for you, nor is it intended to serve as the primary basis for investment decision-making. T. Rowe Price, its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this material, including any attachments/links, is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or tax professional regarding any legal or tax issues raised in this material. Information contained herein is based upon sources we consider to be reliable; we do not, however, guarantee its accuracy. All investments are subject to market risk, including the possible loss of principal. All charts and tables are shown for illustrative purposes only. T. Rowe Price Investment Services, Inc. © 2023 T. Rowe Price. All Rights Reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/or apart, trademarks of T. Rowe Price Group, Inc. All other trademarks are the property of their respective owners. 1 Calculations by Nick Bunker, director of North American Economic Research at Indeed Hiring Lab, using IPUMS extract of CPS microdata. 2 The 8th annual T. Rowe Price Retirement Saving & Spending Survey was conducted by NMG Consulting on behalf of T. Rowe Price and included a sample of 2,895 401(k) retirement plan participants and 1,136 retirees with a Rollover IRA or left-in-plan balance. The survey was fielded online from June 24 to July 22, 2022. SOURCE T. Rowe Price Group, Inc. ×

T. Rowe Price Investments

360 Investments

T. Rowe Price has made 360 investments. Their latest investment was in Generate Biomedicines as part of their Series C on September 9, 2023.

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T. Rowe Price Investments Activity

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T. Rowe Price Portfolio Exits

141 Portfolio Exits

T. Rowe Price has 141 portfolio exits. Their latest portfolio exit was Instacart on September 19, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/19/2023

IPO

$99M

Public

13

7/17/2023

Acq - Pending

$99M

2

6/15/2023

IPO

$99M

Public

6

12/26/2022

Corporate Majority

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$99M

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10

11/16/2022

Acquired

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$99M

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10

Date

9/19/2023

7/17/2023

6/15/2023

12/26/2022

11/16/2022

Exit

IPO

Acq - Pending

IPO

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

13

2

6

10

10

T. Rowe Price Acquisitions

3 Acquisitions

T. Rowe Price acquired 3 companies. Their latest acquisition was Retiree on March 30, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/30/2023

$99M

Acquired

2

10/28/2021

Private Equity

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$99M

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10

11/24/2020

Growth Equity

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$99M

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10

Date

3/30/2023

10/28/2021

11/24/2020

Investment Stage

Private Equity

Growth Equity

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

10

T. Rowe Price Fund History

4 Fund Histories

T. Rowe Price has 4 funds, including T. Rowe Price Term Asset-Backed Opportunity Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/8/2020

T. Rowe Price Term Asset-Backed Opportunity Fund II

$125M

1

5/28/2014

Asia Opportunities Fund

10

11/12/2013

Global Industrials Fund

10

US All-Cap Opportunities Equity Fund

10

Closing Date

7/8/2020

5/28/2014

11/12/2013

Fund

T. Rowe Price Term Asset-Backed Opportunity Fund II

Asia Opportunities Fund

Global Industrials Fund

US All-Cap Opportunities Equity Fund

Fund Type

Status

Amount

$125M

Sources

1

10

10

10

T. Rowe Price Partners & Customers

10 Partners and customers

T. Rowe Price has 10 strategic partners and customers. T. Rowe Price recently partnered with Assembly on February 2, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

2/9/2023

Vendor

United States

10:00 ET STAGWELL (STGW) GLOBAL OMNICHANNEL MEDIA AGENCY ASSEMBLY IS NAMED U.S. MEDIA AGENCY OF RECORD FOR T. ROWE PRICE

Assembly , Valerie Davis , added , `` We 're extremely proud to partner with T. Rowe Price to help them better connect with consumers through a methodology that balances brand building and media performance -- both aimed to help their business grow .

1

2/9/2023

Vendor

United States

Assembly is Named U.S. Media Agency of Record for T.Rowe Price.

Assembly , Valerie Davis , added , `` We 're extremely proud to partner with T. Rowe Price to help them better connect with consumers through a methodology that balances brand building and media performance -- both aimed to help their business grow .

1

5/10/2022

Partner

United States

T. Rowe Price and Baltimore Corps Partner To Launch Moonshot. New Program Supports the Growth of Baltimore-Based, Diverse-Owned Social Good Businesses, Innovators, and Entrepreneurs of Color. T. ROWE PRICE AND BALTIMORE CORPS PARTNER TO LAUNCH MOONSHOT: NEW PROGRAM SUPPORTS THE GROWTH OF BALTIMORE-BASED, DIVERSE-OWNED SOCIAL GOOD BUSINESSES, INNOVATORS, AND ENTREPRENEURS OF COLOR.

During a recent networking event to introduce Moonshot , Baltimore native and serial entrepreneur Mac Conwell , founder and managing partner of RareBreed Ventures , a pre-seed fund that invests in exceptional founders outside of large tech ecosystems , served as the featured speaker , and T. Rowe Price celebrated four additional Baltimore-based startups and entrepreneurs for their work .

1

4/19/2022

Partner

United States

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10

4/12/2022

Vendor

United States

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10

Date

2/9/2023

2/9/2023

5/10/2022

4/19/2022

4/12/2022

Type

Vendor

Vendor

Partner

Partner

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

10:00 ET STAGWELL (STGW) GLOBAL OMNICHANNEL MEDIA AGENCY ASSEMBLY IS NAMED U.S. MEDIA AGENCY OF RECORD FOR T. ROWE PRICE

Assembly , Valerie Davis , added , `` We 're extremely proud to partner with T. Rowe Price to help them better connect with consumers through a methodology that balances brand building and media performance -- both aimed to help their business grow .

Assembly is Named U.S. Media Agency of Record for T.Rowe Price.

Assembly , Valerie Davis , added , `` We 're extremely proud to partner with T. Rowe Price to help them better connect with consumers through a methodology that balances brand building and media performance -- both aimed to help their business grow .

T. Rowe Price and Baltimore Corps Partner To Launch Moonshot. New Program Supports the Growth of Baltimore-Based, Diverse-Owned Social Good Businesses, Innovators, and Entrepreneurs of Color. T. ROWE PRICE AND BALTIMORE CORPS PARTNER TO LAUNCH MOONSHOT: NEW PROGRAM SUPPORTS THE GROWTH OF BALTIMORE-BASED, DIVERSE-OWNED SOCIAL GOOD BUSINESSES, INNOVATORS, AND ENTREPRENEURS OF COLOR.

During a recent networking event to introduce Moonshot , Baltimore native and serial entrepreneur Mac Conwell , founder and managing partner of RareBreed Ventures , a pre-seed fund that invests in exceptional founders outside of large tech ecosystems , served as the featured speaker , and T. Rowe Price celebrated four additional Baltimore-based startups and entrepreneurs for their work .

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Sources

1

1

1

10

10

T. Rowe Price Team

7 Team Members

T. Rowe Price has 7 team members, including , .

Name

Work History

Title

Status

Michael Albrechtslund

Founder

Current

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Name

Michael Albrechtslund

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Work History

Title

Founder

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Status

Current

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