Private Equity Capabilities

Connected to the core

Supporting companies and our clients through our network of relationships, integrated research, and a reputation as an experienced late-stage investor.

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At a Glance

$21.9B

USD of total invested in private companies*

279

total private company investments*

17

years investing in private companies¹

Connectivity is vital to delivering better outcomes in private equity.

We work to identify, assess, and actively contribute to the growth of next-generation companies.

Nurtured networks uncover investment opportunities

As one of the most active, prominent managers of small- and mid-cap equities in the world, we have built connections with institutions, corporations, and thought leaders that put our team at the forefront of emerging investment opportunities.

Panoramic insights enrich company evaluations

By fully integrating our global research teams, we can draw on specialised investment professionals to stay connected, strengthening our understanding of both public and private markets and advancing our ability to assess companies with true growth potential.

Credible capital has made us a valuable partner

For nearly two decades, clients have counted on us to be stewards of their private equity investments, while company leaders have sought our connection to capital and ongoing guidance to help them scale and succeed.

Partnering with companies to maximise their chance of success.

See how we’ve sought to help companies, and ultimately our clients, succeed.

CASE STUDY

Redwood Materials

Private equity funding drives the domestic EV battery supply chain.

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Insights from our research as we make connections across the private equity market.

Nov 2024 On the Horizon

Weaker growth, lower rates set to open up private markets

Shifting conditions should create new opportunities in private credit and private equity.

By David M. DiPietro

2025 Global Market Outlook

Investing during transition

The world is undergoing transition at a pace and scale rarely seen before. Although this may seem daunting, we believe it will bring with it an opportunity set of a breadth and richness not seen since the aftermath of the global financial crisis.

Our investments

We've helped some of the world's most prominent companies grow. This is just a sample of our active and exited investments.

Important Information

*Data as of 30 September 2024 unless otherwise stated.

Data include all commingled funds and separate accounts that contain privates–comprising all privates advised by T. Rowe Price Associates, Inc. (TRPA), and T. Rowe Price Investment Management, Inc. (TRPIM).

¹Data shown represent an aggregate of T. Rowe Price private equity investments experience from May 2007 to October 2024. The investments were managed and held within various non-private equity T. Rowe Price investment vehicles. Information shown is intended to reflect on the firm’s long‐standing experience in the private equity space and does not reflect the management in a discrete private equity portfolio.

The specific companies identified and described above do not necessarily represent recommendations and no assumptions should be made that the companies identified and discussed were or will be profitable.

The trademarks shown are the property of their respective owners. T. Rowe Price is not endorsed, sponsored, or otherwise authorized by or affiliated with any of the trademark owners represented by these trademarks.

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