AMENDED AND RESTATED EMPLOYMENT AGREEMENT This Amended and Restated Employment Agreement (the "Agreement"), is hereby entered into as of November 5, 2024 (the "Effective Date"), by and between P10 Intermediate Holdings, LLC, a Delaware corporation (the "Company"), and Luke A. Sarsfield III (the "Executive"), and amends and restates the Employment Agreement (the "Original Agreement") between the Company and the Executive, dated as of October 20, 2023 (the "Start Date"), which shall cease to have any further ...

P10, Inc. (PX) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are bett ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? P10, Inc. (PX) , which belongs to the Zacks Financial - Miscellaneous Services industry, could be a great candidate to consider.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 15.26%.For the last reported quarte ...

DALLAS, Oct. 18, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its third quarter 2024 results on Thursday, November 7, 2024, after U.S. markets close. The company will also host a conference call at 5:00 p.m. Eastern Time the same day. The webcast may be accessed here. All participants joining by telephone should register here for personal dial-in and PIN numbers. For those unable to participate in the live call, a replay will be ...

. . ● Pelangio Exploration Closes Second and Final Tranche of Private Placement for Gross Proceeds of $400,000 October 17, 2024 5:00 PM EDT | Source: Pelangio Exploration Inc. Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed the second and final tranche of a non-brokered private placement of up to 16,000,000 units (the "Units") of the Company at a price of $0.025 per Unit for ...

DALLAS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that its subsidiary, RCP Advisors (RCP), has been recognized by PitchBook in its 2023 Global Manager Performance Score League Tables, an annual ranking of asset manager funds to inform LP decision-making. RCP's secondary family of funds (RCP SOF I-IV) ranked among the top ten secondary programs, while its co-investment program (RCPDirect I-IV) achieved the highest performance score i ...

Investors in P10, Inc. (PX) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $12.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean th ...

DALLAS, Sept. 19, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the "Company"), a leading private markets solutions provider, will host an Investor Day in New York today, beginning at 8:30 a.m. Eastern Time. During the event, P10's management team and strategy leadership will provide an in-depth presentation of the Company's strategic vision, investment strategies, growth levers, and financial outlook. The formal presentations will be followed by a Q&A session, with the webcast portion of the event conclud ...

Establishes European presence and will add approximately $1 billion in fee-paying assets under management Expands P10's global client base by over 1,300 LPs Expected to be modestly accretive to fully-taxed ANI per share in 2025 DALLAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) ("P10" or the "Company"), a leading private markets solutions provider, today announced that it has entered into a definitive agreement to acquire Qualitas Equity Funds SGEIC, S.A. ("Qualitas Funds") for an initial purch ...

Financial Data and Key Metrics Changes - The company reported record revenue of $71 million for Q2 2024, representing a 14% year-over-year growth [5] - Fee-related revenue (FRR) was $68.3 million, a 12% increase compared to the prior year [17] - Fee-related earnings (FRE) were approximately $33.6 million, a 3% decrease from Q2 2023, resulting in an FRE margin of 49% [5][17] - Operating expenses increased to $54.2 million, a 4% rise year-over-year [16] - GAAP net income for Q2 was $7.4 million, up from $2.1 million in the same period last year [16] - Adjusted EBITDA was $35.4 million, a 2% increase from Q2 2023, with an adjusted EBITDA margin of 50% [16] Business Line Data and Key Metrics Changes - The company raised and deployed $844 million in gross new fee-paying assets under management (AUM) [5] - Fee-paying AUM reached $23.8 billion, an 8% increase year-over-year [13] - Private equity strategies raised and deployed $302 million, venture solutions raised $159 million, credit strategies added $368 million, and impact strategy added $15 million to fee-paying AUM [14] Market Data and Key Metrics Changes - The company closed several funds exceeding their targets, including Park Capital Fund IV at $645 million and TrueBridge Fund VIII at $880 million [6][7] - The company achieved 61% of its 2024 goal to organically raise and deploy $2.5 billion of gross new assets [7] Company Strategy and Development Direction - The company is focused on executing its strategic plan and enhancing its organizational structure to create value [5][8] - The appointment of Sarita Narson Jairath as Executive Vice President and Global Head of Client Solutions is aimed at expanding client relationships and developing new products [8][9] - The company is pursuing inorganic growth opportunities and plans to announce a strategic transaction within the calendar year [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting or exceeding the $2.5 billion target for gross new assets, citing strong momentum in fundraising [21][22] - The company is optimistic about the investing environment, particularly in its NAV lending strategy, and is focused on prudent risk underwriting [24] - Management highlighted the importance of data in enhancing investment strategies and capital raising efforts [45] Other Important Information - The company repurchased 1,533,800 shares at an average price of $8.12, totaling $42.5 million in repurchases since the beginning of 2024 [12] - A quarterly cash dividend of $0.035 per share was declared, payable on September 20, 2024 [19] Q&A Session Summary Question: Why not raise the fundraising target despite strong momentum? - Management feels confident about exceeding the $2.5 billion target but prefers to maintain the current guidance until more data is available [21] Question: What is the outlook for deployment in the second half of the year? - Management sees a robust investing environment and is comfortable with the current pace of deployment, particularly in NAV lending [24] Question: What is driving the increase in other revenue? - The increase is attributed to incentive fees from specific investments, which are not typical for the company's model [25] Question: What are the company's capital allocation priorities? - The company prioritizes maintaining dividends, share repurchases, and M&A, with debt paydown being a lower priority [38][39]