Record fundraising and deployments of over $1.4 Billion in Gross New Fee-Paying AUM Increased Quarterly Dividend by 7% Completed Acquisition of Qualitas Funds DALLAS, May 08, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Revenue: $67.7 million, a 2% increase year over year.Fee-Related Revenue: $67.6 million, a 4% increase year ove ...

Group 1 - P10, Inc. announced the appointment of Jennifer Glassman and Stephen Blewitt to its Board of Directors, effective April 21, 2025 [1] - Jennifer Glassman will serve as an independent Class I director and on the Audit Committee, while Stephen Blewitt will serve as an independent Class III director and on the Compensation Committee [1] - The addition of these two directors is expected to strengthen P10's governance profile and enhance long-term value for its investment strategies and shareholders [2] Group 2 - Jennifer Glassman is currently the Chief Financial Officer of Towerbrook Capital Partners and has a background in financial services, including roles at Soros Private Equity and PricewaterhouseCoopers [2][3] - Stephen Blewitt co-founded Youth.Work.Connect in 2024 and previously served as Chief Investment Officer (Private Markets) at Manulife Investment Management, overseeing global investment teams across various asset classes [3] - P10 is a leading multi-asset class private markets solutions provider with a global investor base of over 3,800 investors across 50 states and 60 countries as of December 31, 2024 [4]

Core Viewpoint - P10, Inc. is set to release its first quarter 2025 results on May 8, 2025, before U.S. markets open, followed by a conference call and live webcast at 8:30 a.m. Eastern Time on the same day [1]. Company Overview - P10 is a prominent multi-asset class private markets solutions provider in the alternative asset management industry [3]. - The company's mission is to offer investors differentiated access to a wide range of investment solutions tailored to diverse needs within private markets [3]. - As of December 31, 2024, P10 has a global investor base exceeding 3,800 investors across 50 states, 60 countries, and six continents, including major pension funds, endowments, foundations, corporate pensions, and financial institutions [3].

Core Viewpoint - P10, Inc. announced the successful closing of its co-investment fund, RCPDirect V, LP, with approximately $994 million in capital commitments, surpassing its target of $800 million, indicating strong investor confidence in the small buyout market [1][2]. Group 1: Fund Details - RCPDirect V closed with approximately $994 million in capital commitments, exceeding its target of $800 million [2]. - The fund has a diverse base of limited partners, including family offices, insurance companies, and high-net-worth individuals [2]. - RCP Direct V will typically invest between $7.5 million and $40 million in lower middle market companies, which generally have an enterprise value of $25 million to $500 million [3]. Group 2: Company Background - P10, Inc. is a leading multi-asset class private markets solutions provider, with a global investor base of over 3,800 investors across 50 states and 60 countries as of December 31, 2024 [6]. - RCP Advisors, a subsidiary of P10, was founded in 2001 and focuses on providing access to North American small buyout fund managers, with over $16.8 billion in committed capital as of April 7, 2025 [9]. Group 3: Leadership Insights - P10's CEO, Luke Sarsfield, emphasized the firm's market-leading position and strong track record, highlighting RCP Advisors' nearly 25 years of experience in the lower middle market [3]. - RCP Advisors' partners expressed gratitude to their global limited partners for their support, indicating confidence in the small buyout market despite challenging macroeconomic conditions [5].

CHICAGO, April 08, 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 co-investment fund, RCPDirect V, LP (“RCP Direct V” or the “Fund”). The Fund was oversubscribed, closing on approximately $994 million in capital commitments, exceeding its target of $800 million ...

DALLAS, April 07, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE:PX) ("P10" or the "Company"), a leading private markets solutions provider, today announced it has completed its previously announced acquisition of Qualitas Equity Funds SGEIC, S.A. ("Qualitas Funds") for an initial purchase price of $63 million, with the potential for additional earnout consideration. Qualitas Funds is a Madrid-based private equity investing platform that provides fund-of-funds, direct co-investing and NAV financing opportunities ...

DALLAS, April 07, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (“P10” or the “Company”), a leading private markets solutions provider, today announced it has completed its previously announced acquisition of Qualitas Equity Funds SGEIC, S.A. (“Qualitas Funds”) for an initial purchase price of $63 million, with the potential for additional earnout consideration. Qualitas Funds is a Madrid-based private equity investing platform that provides fund-of-funds, direct co-investing and NAV financing opportunities ...

Core Insights - RCP Advisors has successfully closed its RCP Small and Emerging Fund III, LP with approximately $170.3 million in capital commitments, surpassing its target fund size [1][3] - The Fund will focus on North American buyout fund managers raising their second institutional fund or earlier, targeting $300 million or less in aggregate capital commitments [3] Company Overview - RCP Advisors, founded in 2001, is a private equity investment firm that provides access to North American small buyout fund managers through various fund types and research services [4] - The firm has over $15 billion in committed capital and employs 56 professionals, positioning itself as one of the largest fund sponsors in the lower middle market buyout segment of the North American private equity market [4] Investment Strategy - The investment strategy of RCP SEF III continues the approach of previous small and emerging funds-of-funds, emphasizing support for promising new managers in the small company buyout space [2][3]

Pelangio Delays MRE Release Following Strategic New Acquisition of NkosuoMarch 19, 2025 6:00 PM EDT | Source: Pelangio Exploration Inc.Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") announces an extension to the timeline for the completion of the Mineral Resource Estimate (MRE) for the Manfo Project. This extension follows the recent strategic agreement with FJ Minerals Limited ("FJ") for the option to ...

Assets Under Management - As of December 31, 2024, the Company managed $14.1 billion in Fee-Paying Assets Under Management (FPAUM) for Private Equity Solutions, $6.4 billion for Venture Capital Solutions, and approximately $5.2 billion for Private Credit Solutions[301][302]. - FPAUM increased by $2.4 billion or 10% to $25.7 billion for the year ended December 31, 2024, driven by capital raised and deployed from private equity and venture capital solutions[349]. Investment Strategies - The Company has a proprietary private markets database containing comprehensive information on over 6,000 investment firms, 11,100 funds, and 49,000 individual transactions, which enhances its investment strategies[301][313]. - The Company’s investment strategy is influenced by trends such as increasing allocations towards private market asset classes and the adoption of ESG and impact investing[312]. - The Company’s ability to generate strong returns is supported by favorable lower and lower-middle market dynamics, with a focus on data-driven sourcing for investment opportunities[312][313]. - The company plans to leverage its data advantage to provide customized solutions across private markets asset classes, enhancing its competitive position[314]. Financial Performance - Total revenues for the year ended December 31, 2024, were $296.4 million, reflecting an increase of $54.7 million or 23% compared to the previous year[330]. - Management and advisory fees increased by $51.5 million, or 22%, to $290.2 million for the year ended December 31, 2024, driven by continued fundraising and a 10% growth in average Fee-Paying Assets Under Management (FPAUM) across the company[332]. - Net income for the year ended December 31, 2024, was $19.7 million, a turnaround from a net loss of $7.8 million in 2023[330]. - Adjusted EBITDA increased by $20.9 million to $144.5 million for the year ended December 31, 2024, compared to $123.6 million in 2023[355]. - Fee-Related Revenue reached $291.3 million for the year ended December 31, 2024, up from $237.0 million in 2023[355]. Operating Expenses - Operating expenses rose by 7% to $235.8 million for the year ended December 31, 2024, with significant increases in professional fees (69%) and general administrative costs (27%)[330]. - Compensation and benefits expense increased by $1.0 million, or 1%, to $155.3 million, driven by $21.6 million in headcount increases and merit-based salary raises[338]. - Professional fees surged by $8.8 million, or 69%, to $21.5 million, mainly due to debt refinancing and management team transitions[339]. - Total operating expenses rose by $15.0 million, or 7%, to $235.8 million for the year ended December 31, 2024, primarily due to increases in professional fees and general administrative expenses[337]. Cash Flow and Liquidity - Cash and cash equivalents increased from $32.1 million as of December 31, 2023 to $68.1 million as of December 31, 2024, representing a 112% increase[357]. - Net cash provided by operating activities increased by $53.3 million, or 112%, to $101.0 million for the year ended December 31, 2024 compared to 2023[363]. - The company expects to meet its liquidity and capital requirements through operating cash flows, existing cash, and external financing activities[367]. Debt and Financing - As of December 31, 2024, the Term Loan balance was $325.0 million with a weighted average interest rate of 7.68%[361]. - The company incurred $24.1 million in interest expense for the year ended December 31, 2024[362]. - The new senior secured revolving credit facility amounts to $175.0 million, with a $10.0 million sublimit for letters of credit[359]. - A 100-basis point increase in interest rates is estimated to result in an additional $3.4 million in interest expense over the next 12 months[388]. Compliance and Regulatory Environment - The company expects to face increased compliance costs due to new SEC regulations, which may impact profitability and operational capabilities[314]. - The Company has recognized a liability for a revenue share agreement with third parties, which includes options for repurchase starting in July 2025[383]. Strategic Initiatives - The company aims to expand its presence in international markets to drive growth as investors seek geographically diverse private market exposure[314]. - The company anticipates that the trend of consolidating managers will benefit its strategies, which have long track records of success[315]. - The acquisition-related earnout for WTI could total up to $70.0 million, contingent on achieving specific EBITDA milestones of $20.0 million, $22.5 million, and $25.0 million, with payments expected by October 2027[381]. - A one-time bonus payment of up to $10.0 million may be awarded to certain employees if they remain employed by the Company for five years and WTI's trailing-twelve month EBITDA is at least $20.0 million[382].