PE · WATER INVESTOR

T. Rowe Price Associates, Inc.

T. Rowe Price Associates, Inc. is a water-focused private equity that has backed 1 water company since 1937. (don't) Waste Water rates its water commitment Occasional.

Occasional

Water Commitment

Type

Private Equity

AUM

$1630.0B

Founded

1937

Stage

Series B - Series C

Median round

$147.5M

Portfolio

1 cos

Water Commitment Score

Tier

Occasional

1 water companies · last deal 2024 · leads ~0% of rounds · Med confidence

How this is scored ↗
as of Jun 2026 · no pay-to-rank

Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.

How they invest

Series B1

Series C1

Median round$147.5Mrange $145M - $150M · 2 disclosed

Portfolio · 1 water companies

Lilac Solutions

Lilac Solutions develops a proprietary ceramic ion-exchange bead technology that rapidly extrac

$145MSeries C · 2024

See the full portfolio in Leviathan →

Invests alongside

Breakthrough Energy Ventures2x Presidio Ventures2x BMW i Ventures2x Engine Ventures2x Lowercarbon Capital2x Mercuria2x Aventurine1xMitsubishi1x Earthshot Ventures1x

Highlighted = profiled on (don't) Waste Water.