Investments
341Portfolio Exits
134Funds
3Partners & Customers
10About 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.
T. Rowe Price Headquarter Location
100 East Pratt Street
Baltimore, Maryland, 21202,
United States
410-345-2000
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 3 Expert Collections, including Direct-To-Consumer Brands (Non-Food).
Direct-To-Consumer Brands (Non-Food)
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Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.
Unicorns- Billion Dollar Startups
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Research containing T. Rowe Price
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned T. Rowe Price in 4 CB Insights research briefs, most recently on Jun 9, 2021.
Latest T. Rowe Price News
Jun 22, 2022
LONDON: More than 30 asset managers holding Sri Lanka’s international bonds announced yesterday the formal launch of a creditor group to start debt restructuring talks with the island nation, according to a statement from legal adviser White & Case LLC.Amundi Asset Management, BlackRock, HBK Capital Management, Morgan Stanley Investment Management and T. Rowe Price Associates Inc are among members of the group’s steering committee, which has Rothschild & Co as financial adviser.“The group is broadly representative of Sri Lanka’s bondholder base, both by type of institution and by geography, and holds bonds across each outstanding series,” the statement added, though it did not specify the percentage of bonds it holds on the outstanding US$12.6 billion (RM55. billion) overseas sovereign debt.Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its complex web of creditors, including bilateral lending from Japan, India and China.The creditor group said it was ready to engage in talks with both Sri Lanka’s authorities and other creditors, adding that the country should “implement a package of meaningful reforms and fiscal adjustments”.Economic mismanagement and the Covid-19 pandemic hit have left the country of 22 million people battling its worst financial problems since its independence in 1948, and a lack of foreign exchange reserves has stalled imports of essentials including fuel, food and medicines.Late yesterday, a privately held bondholder sued Sri Lanka in the US District Court in Manhattan over the country’s alleged default on a US$1 billion sovereign bond maturing next month.Hamilton Reserve Bank Ltd demanded immediate payment of US$257.5 million of principal plus interest, saying Sri Lanka had stopped servicing its sovereign debt and missed payments on two other bonds, causing a cross-default.An International Monetary Fund staff mission arrived in Sri Lanka early this week to continue talks on a bailout programme. – Reuters
T. Rowe Price Investments
341 Investments
T. Rowe Price has made 341 investments. Their latest investment was in Convoy as part of their Series E on April 4, 2022.
T. Rowe Price Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/21/2022 | Series E | Convoy | $160M | No | 3 | |
4/19/2022 | Series B | Sionna Therapeutics | $111M | Yes | 4 | |
4/19/2022 | Series C | Tessera Therapeutics | $300M | Yes | 3 | |
3/30/2022 | PIPE - II | |||||
3/22/2022 | Unattributed VC |
Date | 4/21/2022 | 4/19/2022 | 4/19/2022 | 3/30/2022 | 3/22/2022 |
|---|---|---|---|---|---|
Round | Series E | Series B | Series C | PIPE - II | Unattributed VC |
Company | Convoy | Sionna Therapeutics | Tessera Therapeutics | ||
Amount | $160M | $111M | $300M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 4 | 3 |
T. Rowe Price Portfolio Exits
134 Portfolio Exits
T. Rowe Price has 134 portfolio exits. Their latest portfolio exit was Affinivax on May 31, 2022.
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 |
|---|---|---|---|---|---|
5/31/2022 | Acquired | 6 | |||
3/20/2022 | Corporate Majority | 11 | |||
12/22/2021 | Acquired | 19 | |||
Date | 5/31/2022 | 3/20/2022 | 12/22/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 6 | 11 | 19 |
T. Rowe Price Acquisitions
2 Acquisitions
T. Rowe Price acquired 2 companies. Their latest acquisition was Oak Hill Advisors on October 28, 2021.
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 |
|---|---|---|---|---|---|---|
10/28/2021 | Private Equity | Acquired | 23 | |||
11/24/2020 | Growth Equity |
Date | 10/28/2021 | 11/24/2020 |
|---|---|---|
Investment Stage | Private Equity | Growth Equity |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 23 |
T. Rowe Price Fund History
3 Fund Histories
T. Rowe Price has 3 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 | ||||
11/12/2013 | Global Industrials Fund |
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 |
Fund Type | |||
Status | |||
Amount | $125M | ||
Sources | 1 |
T. Rowe Price Partners & Customers
10 Partners and customers
T. Rowe Price has 10 strategic partners and customers. T. Rowe Price recently partnered with Baltimore Corps on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/10/2022 | Partner | United States | 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 | `` The Barron 's in Education initiative is part of our continued relationship with Morgan State University , '' said Raymone Jackson , T. Rowe Price 's global head of Diversity , Equity , and Inclusion . | 1 | |
4/12/2022 | Vendor | United States | BOISE , Idaho , April 12 , 2022 / PRNewswire / -- Clearwater Analytics , a leading provider of SaaS-based investment accounting , reporting , and analytics solutions , announced today that its reporting and accounting solution has been selected by T. Rowe Price to support the global investment management firm 's insurance clients . | 1 | |
12/17/2021 | Partner | ||||
12/15/2021 | Vendor |
Date | 5/10/2022 | 4/19/2022 | 4/12/2022 | 12/17/2021 | 12/15/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Vendor |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | 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 . | `` The Barron 's in Education initiative is part of our continued relationship with Morgan State University , '' said Raymone Jackson , T. Rowe Price 's global head of Diversity , Equity , and Inclusion . | BOISE , Idaho , April 12 , 2022 / PRNewswire / -- Clearwater Analytics , a leading provider of SaaS-based investment accounting , reporting , and analytics solutions , announced today that its reporting and accounting solution has been selected by T. Rowe Price to support the global investment management firm 's insurance clients . | ||
Sources | 1 | 1 | 1 |
T. Rowe Price Team
5 Team Members
T. Rowe Price has 5 team members, including former Chief Executive Officer, President, Todd Ruppert.
Name | Work History | Title | Status |
|---|---|---|---|
Michael Albrechtslund | Sparinvest, and Alm. Brand | Founder | Current |
Todd Ruppert | Chief Executive Officer, President | Former | |
Celine Dufetel | Chief Financial Officer, Chief Operating Officer | Former | |
S. James Mazarakis | WSFS Financial Corporation, Capital One, J.P. Morgan & Co., and Goldman Sachs | Chief Information Officer | Former |
John A. Downer | Oak Investment Partners, Cornerstone Equity Investors, and Harvard Management Company | Managing Director | Former |
Name | Michael Albrechtslund | Todd Ruppert | Celine Dufetel | S. James Mazarakis | John A. Downer |
|---|---|---|---|---|---|
Work History | Sparinvest, and Alm. Brand | WSFS Financial Corporation, Capital One, J.P. Morgan & Co., and Goldman Sachs | Oak Investment Partners, Cornerstone Equity Investors, and Harvard Management Company | ||
Title | Founder | Chief Executive Officer, President | Chief Financial Officer, Chief Operating Officer | Chief Information Officer | Managing Director |
Status | Current | Former | Former | Former | Former |
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