Walmart heir’s Builders Vision backs T. Rowe Price’s $200 million blue bond fund

Jasmine Suarez, Crain Currency

Walmart heir’s Builders Vision backs T. Rowe Price’s $200 million blue bond fund
Oleksandr Sushko, Unsplash

The initiative, developed with the International Finance Corp. (IFC), seeks to funnel private capital into projects aligned with UN Sustainable Development Goals 6 and 14, covering water and sanitation and life below water.

“About 18 months ago, IFC sent out an RFP spotlighting a problem: the funding gap for clean water and ocean sustainability,” said Matt Lawton, head of impact fixed income at T. Rowe Price. “We were fortunate to have our candidacy selected and have been building toward this strategy since then.”

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