NEW YORK, June 25, 2025 /PRNewswire/ -- Enhanced Capital, a private credit investment manager founded in 1999, released its 2024 Community Impact Report.The report highlights Enhanced Capital's achievements over the year, through the firm's focus areas: Project Finance and Small Business Lending."Over the past 25 years, we have remained committed to providing innovative financing solutions to the lower middle market and aligning private capital with public initiatives," said Michael Korengold, President and ...

DALLAS, May 29, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), a leading private markets solutions provider, today announced that its strategy, RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers, closed on its latest primary fund-of-funds, RCP Fund XIX, LP (“Fund XIX” or the “Fund”). The Fund closed on approximately $314 million in capital commitments. The Fund has a broad LP base of new and existing investors, including ...

CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) -- RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, as well as customized solutions and research services, announced the final close of its latest primary fund-of-funds, RCP Fund XIX, LP (“Fund XIX” or the “Fund”). The Fund closed on approximately $314 million in capital commitments. The Fund has a broad LP base of new and existing investors, ...

David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years’ experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and ...

Fundraising and Assets Under Management - As of March 31, 2025, the Company has raised a total of $21.7 billion in assets under management (AUM) for Private Equity Solutions, with $15.0 billion classified as Fee-Paying Assets Under Management (FPAUM) [219] - Venture Capital Solutions has raised a total of $9.8 billion in AUM, with $6.5 billion as FPAUM as of March 31, 2025 [219] - Private Credit Solutions has raised a total of $6.8 billion in AUM, with $4.8 billion as FPAUM, including $4.3 billion in impact assets supporting over 1,000 projects across 40 states, Washington DC, and Puerto Rico [220] - The Company operates with approximately $14.6 billion in FPAUM from Primary Investment Funds, $10.1 billion from Direct and Co-Investment Funds, and $1.6 billion from Secondary Investment Funds as of March 31, 2025 [223] - FPAUM increased by $0.6 billion, or 3%, to $26.3 billion as of March 31, 2025, driven by increased capital raised and deployed [256] - The company expects to continue expanding fundraising efforts and grow FPAUM with the launch of new specialized investment vehicles and asset class solutions [256] Revenue and Income - Total revenues increased by $1.6 million, or 2%, to $67.7 million for the three months ended March 31, 2025, driven by higher management and advisory fees [243] - Management and advisory fees rose by $1.6 million, or 2%, to $66.7 million for the same period, supported by a 10% growth in average Fee-Paying Assets Under Management (FPAUM) [245] - Other revenue decreased by $0.1 million, or 6%, to $0.9 million, primarily due to a reduction in interest income from certain funds [246] - Total revenues for the three months ended March 31, 2025, were $67.67 million, up from $66.11 million in the same period of 2024, reflecting a growth of approximately 2.35% [263] - Adjusted net income for the three months ended March 31, 2025, was $23.46 million, compared to $25.40 million for the same period in 2024, indicating a decrease of 7.63% [263] - Net income decreased by $547,000, or 10%, to $4.7 million for the three months ended March 31, 2025, compared to the same period in 2024 [243] Operating Expenses - Total operating expenses increased by $2.4 million, or 4%, to $56.4 million, mainly due to higher professional fees and general administrative costs [248] - Professional fees surged by $2.7 million, or 73%, to $6.5 million, largely due to increased legal and professional services related to the Qualitas acquisition [249] - Interest expense increased by $0.6 million, or 11%, to $6.4 million, attributed to a larger outstanding balance on the term loan [252] - Income tax expense was $0.3 million for the three months ended March 31, 2025, a decrease of $1.5 million from $1.8 million in the prior year [253] Financial Position and Cash Flow - Cash and cash equivalents increased by $7.3 million, or 11%, to $75.41 million as of March 31, 2025, primarily due to drawing on the revolver [265] - Debt obligations rose by $37.37 million, or 12%, to $357.15 million as of March 31, 2025, driven by revolver activity related to the Qualitas acquisition [265] - Net cash used in operating activities was $(4.73) million for the three months ended March 31, 2025, a decrease of $15.69 million compared to $10.96 million provided in the same period of 2024 [273] - Cash from financing activities was $13.29 million for the three months ended March 31, 2025, compared to $(12.73) million used in financing activities in the same period of 2024, reflecting a significant change [276] Strategic Initiatives and Market Outlook - The Company anticipates continued growth driven by increasing demand for private market solutions and a shift in investor allocations towards alternative investments [227] - The Company has identified favorable dynamics in the lower and lower-middle market, which is expected to provide a larger pool of investment opportunities at attractive valuations [227] - The Company is focused on expanding its geographic reach and asset class solutions to enhance its integrated network effect across private markets [227] - The company expects continued growth in management and advisory fees due to ongoing fundraising and capital deployment efforts [244] - The company aims to leverage its data advantage and proprietary databases to differentiate its products and services in the competitive landscape [232] Compliance and Regulatory Environment - The complex regulatory environment poses potential challenges to the Company's operations and growth, necessitating careful navigation of compliance and administrative burdens [228] - As of March 31, 2025, the company was in compliance with all financial covenants required under its credit facilities [272] Risk Management - The company is exposed to various market risks, including price risk, interest-rate risk, and liquidity risk, which may impact its financial performance [299] - The company has established reserves for estimated credit losses on loans and receivables, recognizing credit losses before actual events of default [284] - The company’s management fees and advisory fee revenue are generally not significantly impacted by changes in investment values, but unfavorable changes could affect investor retention [300] Contingent Liabilities and Compensation - The company has accrued contingent liabilities related to a revenue share agreement with ECG and third parties, which will be amortized against revenue over the estimated term of the management contract [297] - The company recognizes management and advisory fees as deferred revenues until performance obligations are satisfied, with fees based on various contractual terms [286] - The company evaluates stock-based compensation expenses based on the fair market value on the grant date, with certain performance metrics affecting vesting [293] - The company has an earnout payment of up to $70.0 million related to the acquisition of WTI, contingent on achieving specific EBITDA milestones [294] Database and Investment Team - The investment team for Private Equity Solutions consists of 45 professionals with an average of over 26 years of experience, managing relationships with over 2,390 investors and 295 fund managers [219] - The Company has a proprietary database containing comprehensive information on over 6,000 investment firms, 11,200 funds, and 462,000 financial metrics, enhancing its investment decision-making capabilities [219]

For the quarter ended March 2025, P10, Inc. (PX) reported revenue of $67.67 million, up 2.3% over the same period last year. EPS came in at $0.20, compared to $0.21 in the year-ago quarter.The reported revenue represents a surprise of -1.65% over the Zacks Consensus Estimate of $68.8 million. With the consensus EPS estimate being $0.21, the EPS surprise was -4.76%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

P10 (PX) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Mark Hood - EVP & Chief Administrative OfficerLuke Sarsfield - Chairman of Board, Director & CEOAmanda Coussens - EVP and CFOChris Kotowski - Managing DirectorSarita Narson Jairath - EVP, Global Head of Client SolutionsBenjamin Rubin - Director, Equity Research Conference Call Participants Alexander Bernstein - Equity Research AnalystStephanie Ma - Analyst Operator Hello and welcome to the PTEN First Quarter twenty twenty five Conf ...

P10 (PX) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Mark Hood - EVP & Chief Administrative OfficerLuke Sarsfield - Chairman of Board, Director & CEOAmanda Coussens - EVP and CFOChris Kotowski - Managing DirectorSarita Narson Jairath - EVP, Global Head of Client SolutionsBenjamin Rubin - Director, Equity Research Conference Call Participants Alexander Bernstein - Equity Research AnalystStephanie Ma - Analyst Operator Hello and welcome to the PTEN First Quarter twenty twenty five Conf ...

P10 (PX) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Hello and welcome to the PTEN First Quarter twenty twenty five Conference Call. My name is Latif and I will be coordinating your call today. Currently, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. As a reminder, today's conference call is being recorded. I will now hand the call over to your host, Mark Hood, EVP and Chief Administrative Officer. Mark, please go ahead. ...

P10, Inc. (PX) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this company would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.Over the last four quarters, the company has surp ...