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RCP Advisors Closes Secondary Opportunity Fund V on $1.26 Billion, Exceeding Target Size
Globenewswire· 2025-10-01 20:30
Core Insights - RCP Advisors successfully closed RCP Secondary Opportunity Fund V, LP with $1.26 billion in capital commitments, surpassing its initial target of $1 billion, indicating strong investor confidence in the firm's strategy and the demand for North American small buyout funds [1][2][3] Fund Overview - RCP SOF V will focus on investments primarily through secondary market purchases or other secondary transactions, targeting private equity funds that concentrate on leveraged buyouts, growth, or restructuring transactions [2][4] - The Fund attracted a diverse group of limited partners, including high net worth individuals, pension funds, endowments, foundations, and insurance companies [1] Company Background - P10, Inc. manages over $40 billion in assets as of June 30, 2025, investing across Private Equity, Private Credit, and Venture Capital, with a focus on the middle and lower-middle market [5] - RCP Advisors, a subsidiary of P10, has established itself as a significant player in the North American small buyout fund space, managing 58 funds and over 550 partnership investments as of June 30, 2025 [6]
Pelangio Exploration Increases Size of Previously Announced Private Placement up to $4,500,000
Newsfile· 2025-09-24 15:29
Core Viewpoint - Pelangio Exploration Inc. has increased the size of its non-brokered private placement from gross proceeds of up to $4,000,000 to $4,500,000 due to additional demand [1] Offering Details - The Offering will consist of units priced at $0.18 each, with each unit comprising one common share and one half of a common share purchase warrant [2] - Each whole warrant allows the holder to purchase one common share at $0.31 for two years from the initial closing date [2] Use of Proceeds - The gross proceeds from the Offering will be allocated for exploration, metallurgical work, land maintenance costs, working capital, and general corporate purposes [3] Closing Conditions - The Offering is subject to customary closing conditions, including necessary corporate and regulatory approvals, with the initial closing expected around October 9, 2025 [4] - The securities issued will have a hold period of four months and one day in accordance with Canadian securities laws [4] Finder's Fee - The Company may pay a cash finder's fee of up to 7% of the gross proceeds and may issue non-transferable common share purchase warrants to finders [5] Insider Participation - Certain insiders may participate in the Offering, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [6] Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich areas, particularly in Ghana and Canada, with notable properties including the Manfo and Obuasi properties [8]
Pelangio Exploration Announces Private Placement for Gross Proceeds up to $4,000,000
Newsfile· 2025-09-23 02:36
Core Viewpoint - Pelangio Exploration Inc. is conducting a non-brokered private placement to raise gross proceeds of up to $4,000,000, with each unit priced at $0.18, consisting of one common share and one half of a warrant [1][2]. Group 1: Offering Details - The offering will consist of units priced at $0.18 each, with each unit comprising one common share and one half of a warrant [1]. - Each whole warrant allows the holder to purchase one common share at a price of $0.31 for a period of two years from the initial closing date [1]. - The offering is subject to customary closing conditions, including regulatory approvals, and may close in multiple tranches, with the initial closing expected around October 9, 2025 [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for exploration, metallurgical work, land maintenance costs, working capital, and general corporate purposes [2]. Group 3: Insider Participation - Certain insiders may participate in the offering, which will be considered a related party transaction under Multilateral Instrument 61-101 [4]. - The company intends to rely on exemptions from formal valuation and minority approval requirements, as insider participation is not expected to exceed 25% of the company's market capitalization [4]. Group 4: Securities Regulations - The securities offered have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States without registration or an exemption [5]. - The offering is intended for distribution in Canada only and is not meant for U.S. newswire services [10]. Group 5: Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich areas, particularly in Ghana and Canada [7]. - The company has two 100% owned properties in Ghana, including the Manfo property and the Obuasi property, which is adjacent to a high-grade mine [7].
P10 to Sponsor IPEM Paris 2025
Globenewswire· 2025-09-16 10:30
Core Insights - P10, Inc. is sponsoring and participating in IPEM Paris 2025, scheduled for September 24–26, 2025, at Palais des Congrès in Paris, France [1] - The event is expected to attract over 6,000 participants from 2,400 companies, including 1,300 limited partners and 900 general partners, aimed at fostering connections in the global private capital industry [3] Company Overview - P10, Inc. is a leading private markets solutions provider with over $40 billion in assets under management as of June 30, 2025 [4] - The company invests across Private Equity, Private Credit, and Venture Capital, focusing on access-constrained strategies in the middle and lower-middle market [4] - P10's products target a global investor base and aim to deliver compelling risk-adjusted returns [4] Event Participation - P10 will have key attendees, including Sarita Narson Jairath, EVP and Global Head of Client Solutions, along with representatives from five of P10's investment strategies [1][2] - The company invites attendees to visit the P10 Lounge (Lounge B206) located near the Main Conference Room on level 2 during the event [3]
Hark Capital provides $50 million NAV facility to Pharos Capital Group
Globenewswire· 2025-09-11 18:17
Core Insights - Hark Capital has closed a $50 million NAV facility with Pharos IV-A, L.P., aimed at supporting healthcare investments [1][2] - The financing will be utilized for both new and existing investments in Pharos' healthcare portfolio [1] - This transaction marks the third financing facility between Hark Capital and Pharos Capital Group, indicating a strong partnership [2] Company Overview: Hark Capital - Hark Capital, a subsidiary of P10, Inc., has been providing non-dilutive fund finance solutions since 2013, focusing on NAV-based and management company facilities [3] - The firm has deployed over $1.7 billion across more than 130 transactions with over 60 sponsors in the US, Canada, and Europe [3] Company Overview: Pharos Capital Group - Pharos Capital Group is a physician-founded investment firm based in Dallas and Nashville, focusing on healthcare companies that aim to reduce costs and improve patient outcomes [3] - As of June 30, 2025, Pharos has invested in 61 companies and manages over $900 million in private equity assets [3] - The firm typically invests between $25 million and $50 million in middle-market companies seeking growth funding [3]
Pelangio Exploration Inc. Files NI 43-101 Technical Report for the Mineral Resource Estimate Update on Its Manfo Project and Provides Exploration Update
Newsfile· 2025-09-10 20:30
Core Insights - Pelangio Exploration Inc. has filed an updated independent Mineral Resource Estimate (MRE) for its Manfo Gold Project in Ghana, indicating significant increases in both Indicated and Inferred resources compared to previous estimates [2][5]. Mineral Resource Update - The updated MRE, completed by SEMS Technical Services Ltd., shows a total Indicated resource of 11,787,000 tonnes at an average grade of 1.16 g/t Au, equating to 441,000 ounces of gold, and a total Inferred resource of 16,048,000 tonnes at an average grade of 0.77 g/t Au, equating to 396,000 ounces of gold [4][6]. - The MRE was conducted using a gold price of US$2,600 per ounce, with specific cut-off grades for different mineralization types [4]. Comparison with Previous Estimates - The 2025 MRE represents a 126% increase in total Indicated gold ounces and a 395% increase in total Inferred gold ounces compared to the Maiden pit-constrained MRE, which was based on a gold price of US$1,450 per ounce [5][8]. Exploration Plans - The company plans a staged exploration program with a budget of US$7.6 million, including up to 45,000 meters of drilling, aimed at resource expansion and new discoveries [6][14]. - Exploration programs are currently underway, with high-resolution UAV magnetics and orthophoto surveys nearing completion, and drilling expected to commence in November 2025 [6][14]. Resource Growth Potential - There is significant potential for resource growth, particularly in the Inferred category, with recommendations for further drilling to upgrade resources and explore open-ended mineralization [9][10]. - The addition of the Nkosuo Mining Permit is believed to hold potential for further discoveries, with historical exploration indicating extensions of mineralized structures into the Nkosuo Lease [11].
P10, Inc. (PX) Presents At Barclays 23rd Annual Global Financial Services Conference Transcript
Seeking Alpha· 2025-09-08 20:06
Core Insights - The CEO reflects on nearly two years of leadership, highlighting significant progress and robust future opportunities for the company [1]. Group 1: Company Progress - The company has made tremendous progress since the CEO's appointment [1]. - There is a strong belief in the continued growth opportunities that lie ahead for the company [1]. Group 2: Investment Appeal - The CEO was attracted to the company due to its impressive investing capabilities [2].
P10 (NYSE:PX) FY Conference Transcript
2025-09-08 17:02
Summary of PTEN FY Conference Call - September 08, 2025 Company Overview - **Company**: PTEN (P10 Holdings, Inc.) - **Industry**: Investment Management Key Points and Arguments Leadership and Company Progress - CEO Luke Sarsfield reflected on his nearly two-year tenure, highlighting significant progress and robust opportunities for growth within PTEN [3][4] - Emphasis on maintaining strong investment performance and alpha generation across various strategies, now totaling eight after the Qualitas acquisition [4][5] - Focus on optimizing enabling functions, including finance, operations, strategy, and client solutions to enhance investment capabilities [5][6][7][8] Market Focus and Investment Strategy - PTEN is committed to the middle and lower middle market, countering the misconception that smaller companies are inherently riskier than larger firms [15][16] - The firm sees a favorable competitive landscape in the lower middle market, characterized by less capital chasing more opportunities, leading to better investment returns [20][22][24] - Historical returns in the lower middle market have outperformed those in the upper market by 200 to 300 basis points [24] Growth Opportunities - PTEN aims to reach a target of $50 billion in assets under management (AUM) by 2029, focusing on both existing and new limited partners (LPs) [25][26] - The firm has nearly 5,000 LPs, with less than 5% currently invested across multiple strategies, indicating significant potential for deepening existing relationships [27][28][29] - Plans to engage larger global clients and expand product offerings, including traditional delayed draw commingled funds and new fund structures like evergreen funds [35][36][39] M&A Strategy - The acquisition of Qualitas has been successful, with integration exceeding expectations and opening new collaborative opportunities [55][56][58] - Future M&A efforts will focus on strategic fit, cultural alignment, and economic sense, with an emphasis on international analogs of existing U.S. strategies [69][72][73] - PTEN is exploring opportunities in private credit and real assets, aiming to enhance its distribution capabilities [74][75] Venture Debt and Market Environment - The venture debt space remains attractive, with WTI's innovative structural protections allowing for compelling risk-adjusted returns [78][79] - Despite recent disruptions in the venture landscape, PTEN has seen an increase in both volume and size of investment opportunities [82] Capacity for Growth - PTEN believes it can significantly grow within the middle market, which is estimated at $3 trillion, while currently managing about $40 billion in AUM [86][87] - The firm is not capacity constrained in its strategies and sees ample opportunities for growth through existing and new client relationships [87] Additional Important Insights - The firm is focused on leveraging data and insights to deepen client relationships and enhance product offerings [31][32] - PTEN is cautious about expanding into retail markets without a partner, prioritizing existing high-value client relationships [44][45] - The firm is committed to maintaining a robust governance structure and enhancing its board's independence [10][11] This summary encapsulates the key insights and strategic directions discussed during the PTEN FY Conference Call, highlighting the company's focus on growth, market opportunities, and investment strategies.
P10 to Participate in Barclays' 23rd Annual Global Financial Services Conference
GlobeNewswire News Room· 2025-09-03 20:30
Company Overview - P10, Inc. is a leading private markets solutions provider with over $40 billion in assets under management as of June 30, 2025 [3] - The company invests across Private Equity, Private Credit, and Venture Capital, focusing on access-constrained strategies in the middle and lower-middle market [3] - P10 aims to deliver compelling risk-adjusted returns to a global investor base [3] Upcoming Event - P10's Chairman and CEO, Luke Sarsfield, along with EVP and Chief Administrative Officer, Mark Hood, will participate in a fireside chat at the Barclays 23rd Annual Global Financial Services Conference on September 8, 2025, at 12:00 P.M. Eastern Time [1] - A webcast of the discussion will be available on the Investor Relations section of P10's website, with a replay accessible by the end of the same day for those unable to attend live [2]
P10 to Participate in Barclays’ 23rd Annual Global Financial Services Conference
Globenewswire· 2025-09-03 20:30
DALLAS, Sept. 03, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that Chairman and Chief Executive Officer, Luke Sarsfield, and EVP and Chief Administrative Officer, Mark Hood, will participate in a fireside chat at the Barclays 23rd Annual Global Financial Services Conference on Monday, September 8, 2025, scheduled for 12:00 P.M. Eastern Time. A webcast of the discussion will be available on the Investor Relations section of P10’s website at ir. ...