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 ...

Pelangio Exploration Announces Closing of Private Placement for Gross Proceeds of $1,000,000 March 29, 2025 1:00 PM EDT | Source: Pelangio Exploration Inc. Toronto, Ontario--(Newsfile Corp. - March 29, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 25,000,000 units (the "Units") of the Company at a price of $0.04 per Unit for gross proceeds of $1,000,000 (the "Private Placement"). Each ...

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].

Group 1 - Pelangio Exploration Inc. has granted 1,500,000 incentive stock options to directors, officers, employees, and consultants at an exercise price of $0.06 per share, with a term of 10 years expiring on February 28, 2035 [1] - The company has filed a Notice of Change of Auditor, appointing Jones & O'Connell LLP as the new auditor after the resignation of McGovern Hurley LLP, which was approved by the Audit Committee and the Board of Directors [2] Group 2 - Pelangio focuses on acquiring and exploring land packages in gold belts in Ghana and Canada, with significant properties including the 100 km² Manfo property and the 284 km² Obuasi property, which is adjacent to AngloGold Ashanti's Obuasi Mine [4]

Core Viewpoint - Pelangio Exploration Inc. is conducting a non-brokered private placement to raise gross proceeds of up to $1,000,000 through the sale of units priced at $0.04 each, which include common shares and purchase warrants [1][2]. Group 1: Offering Details - The Offering consists of units priced at $0.04, each unit includes one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at $0.05 for three years, with potential adjustments based on the trading price of the common shares [1]. - The Offering is subject to customary closing conditions, including regulatory approvals, and may close in multiple tranches, with the initial closing expected around March 15, 2025 [3]. Group 2: Use of Proceeds - The gross proceeds from the Offering will be allocated for working capital, exploration, metallurgical work, land maintenance costs, and up to 10% for settling non-arm's length payables [2]. Group 3: Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich regions, particularly in Ghana and Canada, with significant properties including the Manfo and Obuasi properties [6].

Core Viewpoint - Pelangio Exploration Inc. has entered into a strategic agreement with FJ Minerals Limited to acquire up to an 83% interest in the Nkosuo Project, which is adjacent to Pelangio's Manfo Project in Ghana, aiming to enhance exploration and development efforts in the region [1][2][3]. Acquisition Terms - The agreement allows Pelangio to acquire an 83% interest in the Nkosuo Project by transferring a 17% interest in the Manfo Project to FJ, forming a Joint Venture with Pelangio as the operator [5][10]. - The Nkosuo Option must be exercised by December 15, 2025, or it will terminate [5]. - Nathawo Properties and Investment Ltd. has the option to acquire a 10% interest in the Combined Project by providing $1,000,000 by July 5, 2025 [5][6]. Project Highlights - The Nkosuo Project covers an area of 18 km² and has a 30-year Mining Lease [5]. - Previous exploration indicates that gold mineralization structures from the Manfo Project extend into the Nkosuo Project for up to 4.4 km [5][9]. - Notable exploration results include an RC hole returning 37 meters of 1.52 g/t Au and a trench assay of 37 meters of 5.60 g/t Au, indicating significant gold potential [5][8]. Geological Context - The Nkosuo Project is interpreted to be underlain by the same geological formations as the Manfo Project, suggesting continuity in gold mineralization [7][9]. - Historical exploration by Ashanti Goldfields Corp. and extensive artisanal mining have revealed several mineralized trends extending into the Nkosuo Project [9][10]. Investment Participation - MFD Investment Holdings SA has a prior option to earn a 10% interest in the Manfo Project and has chosen to participate in the FJ Agreement [10]. - If all options are fully exercised, the ownership structure of the Combined Project will be Pelangio 65.7%, FJ 17%, Nathawo 10%, and MFD 7.3% [10].

Group 1 - P10, Inc. (NYSE: PX) shares have been increasing since management set ambitious growth targets during the Investor Day in September [1] - The quarterly results following the Investor Day have been impressive, indicating strong management performance [1] Group 2 - The article highlights the author's focus on undercovered companies, particularly in technology, software, electronics, and energy transition sectors [1] - The author has over 7 years of personal investment experience and emphasizes the importance of identifying asymmetric investment opportunities for achieving market-beating returns [1]