First Quarter 2022 Results Earnings Presentation Legal Disclaimer IMPORTANT NOTICES The inclusion of references to P10, Inc. (the "Company") in this presentation is for information purposes only as the holding company of various subsidiaries. P10 does not offer investment advisory services and this presentation is neither an offer of any investment products nor an offer of advisory services by P10. By accepting this presentation, you acknowledge that P10 is not offering investment advisory services. All inv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K Securities registered pursuant to Section 12(b) of the Act: (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40937 | Title of each class | Tr ...

Financial Data and Key Metrics Changes - The company concluded 2021 with $17.3 billion in fee-paying AUM, a 36% increase from the beginning of the year, with a 29% annual organic growth rate [5][18] - Revenue increased from $67.4 million in 2020 to $150.5 million in 2021, representing a 123% increase [6][18] - Adjusted EBITDA rose from $34.8 million to $83.1 million year-over-year, while adjusted net income increased from $23.9 million to $62.8 million [6][22] - GAAP net income for Q4 was $1.5 million, down from $20.6 million in the same period last year, primarily due to non-cash expenses related to debt refinance and acquisitions [21][22] - Operating expenses in Q4 were $33.3 million, an 8.34% increase year-over-year, driven by compensation and benefits expenses from acquisitions [20][22] Business Line Data and Key Metrics Changes - The company expanded its product offerings by adding mad lending with Hark Capital and GP Stakes with Bonaccord Capital Partners [7][8] - Cross-selling efforts in Q4 led to meaningful incremental fee-paying AUM across P10 affiliates [12] Market Data and Key Metrics Changes - The company focused on the middle and lower middle market, where there are significantly more opportunities compared to large company investments [9][10] - The company reported strong fund performance, which has attracted new global capital seeking exposure to private markets [11] Company Strategy and Development Direction - The company aims to strengthen its position as a premier specialized private market solution provider, focusing on expanding market presence and product offerings [7][8] - The company does not require M&A to achieve long-term goals of sustainable double-digit growth and extraordinary returns on capital [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain growth momentum, supported by strong fund performance and cross-selling opportunities [11][12] - The company expects to raise approximately $5 billion over 2022 and 2023, with a focus on follow-on funds from new members [14][16] Other Important Information - The company closed a $250 million credit facility to retire its old credit facility, improving its leverage profile [27][28] - The company has a net operating loss of $220 million and $321 million in tax amortization, which will be utilized over future years [24][25] Q&A Session Summary Question: What were the bigger contributors to the $900 million of fee-paying AUM raised in Q4? - The contributions came from private equity, venture capital, and private credit verticals, primarily from funds rather than separate accounts [32] Question: How should we think about catch-up fees and stepdowns in 2022? - There is a small amount of stepdowns expected, but the impact should be minimal due to the growing business and the nature of the funds rolling off [35] Question: How does the company view M&A opportunities moving forward? - M&A is seen as episodic and opportunistic, focusing on acquiring best-in-class performance managers with a long-term view [41][42] Question: What is the potential for margin expansion beyond 2022? - The company plans to maintain a 55% adjusted EBITDA margin, with fluctuations expected based on fund closings and capital deployment [50][51] Question: What is the current tax amortization benefit and cash usage strategy? - The expected tax amortization is about $50 million a year, with cash usage focused on debt paydown, potential M&A, and possibly dividends or stock buybacks [59][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40937 P10, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87- ...