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 ...

P10, Inc. (NYSE:PX) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Mark Hood - Executive Vice President of Operations & Investor Relations Luke Sarsfield - Chairman & Chief Executive Officer Amanda Coussens - Executive Vice President, Chief Financial Officer & Chief Compliance Officer Arjay Jensen - Executive Vice President & Head of Strategy & M&A Conference Call Participants Ben Budish - Barclays Alex Bernstein - JPMorgan Stephanie Ma - Morgan Stanley Chris Kotowski - Oppe ...

Core Insights - P10, Inc. reported a revenue of $71.08 million for the quarter ended June 2024, reflecting a year-over-year increase of 13.8% and surpassing the Zacks Consensus Estimate by 7.63% [1] - The company's EPS for the quarter was $0.24, up from $0.22 in the same quarter last year, representing a surprise of 20.00% over the consensus estimate of $0.20 [1] Financial Performance Metrics - Fee Paying Assets Under Management (FPAUM) reached $23.80 billion, exceeding the average estimate of $23.46 billion from three analysts [3] - Management and advisory fees generated revenue of $68.48 million, which is higher than the average estimate of $65.13 million and shows a year-over-year increase of 11.1% [4] - Other revenue amounted to $2.60 million, significantly surpassing the estimated $0.91 million, marking a remarkable year-over-year change of 219.1% [5] Stock Performance - Over the past month, P10 shares have returned -2.9%, compared to a -6.5% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [5]

DALLAS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the "Company"), a leading private markets solutions provider, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue: $71.1 million, a 14% increase year over year. Fee-Related Revenue: $68.3 million, a 12% increase year over year. Fee-Paying Assets Under Management: $23.8 billion, an 8% increase year over year. GAAP Net Income: $7.4 million compared to $2.1 million in the pr ...

Upsized facilities offer financial flexibility and diversify lending syndicate JPMorgan Chase Bank, N.A., KeyBanc Capital Markets Inc., and Texas Capital Bank served as Joint Lead Arrangers and Joint Bookrunners DALLAS, Aug. 05, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE:PX) (the "Company"), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders. "Our upsized credit fac ...

Key Appointments - P10 Inc appoints Sarita Narson Jairath as EVP and Global Head of Client Solutions effective September 16 2024 [1] - Ms Jairath will oversee strategy and execution of P10's organic growth opportunities by deepening global client relationships developing new products and augmenting market positioning [1] Leadership Background - Ms Jairath brings over two decades of institutional investment experience and leadership at world-class asset management firms [2] - She joins P10 from Blackstone where she was a Managing Director within Blackstone's Real Estate Institutional Client Solutions team leading capital raising and investor relations efforts for Blackstone Real Estate Debt Strategies [2] - Prior to Blackstone Ms Jairath worked at Seix Investment Advisors as a Managing Director overseeing investor relations and marketing activities for the firm's Leveraged Finance platform [2] - She also served as an Executive Director at J P Morgan Private Bank overseeing Credit Manager Research and as a Vice President at Goldman Sachs within the Capital Markets group of the Investment Management Division [2] Educational and Philanthropic Background - Ms Jairath holds a BBA in Finance and Marketing from Emory University and an MBA from Columbia Business School [3] - She serves on the Pediatric Council for Hospital for Special Surgery a volunteer group dedicated to advancing the hospital's mission in delivering world-class pediatric care [3] Company Overview - P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry [4] - The company's mission is to provide investors differentiated access to a broad set of investment solutions addressing diverse investment needs within private markets [4] - As of March 31 2024 P10 has a global investor base of more than 3 600 investors across 50 states 60 countries and six continents including some of the world's largest pension funds endowments foundations corporate pensions and financial institutions [4] Ownership and Contact Information - P10's Certificate of Incorporation contains provisions for the protection of tax benefits relating to net operating losses voiding transfers of shares that would result in the creation of a new 4 99% shareholder or an existing 4 99% shareholder acquiring additional shares [5] - Investor contact: info@p10alts com [5] - Media contact: Taylor Donahue tdonahue@prosek com [5]

P10 Investor Contact: info@p10alts.com DALLAS, July 23, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the "Company"), a leading private markets solutions provider, will host an Investor Day in New York on Thursday, September 19, 2024, beginning at 8:30 a.m. Eastern Time. During the event, P10's management team and affiliated managers 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 ...

For those unable to participate in the live call, a replay will be made available on P10's investor relations page at ir.p10alts.com. DALLAS, July 18, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its second quarter 2024 results on Thursday, August 8, 2024, after U.S. markets close. About P10 Ownership Limitations P10 Investor Contact: info@p10alts.com The company will also host a conference call at 5:00 p.m. Eastern Time the sam ...

Company Overview - P10, Inc. is a leading private markets solutions provider in the alternative asset management industry [3] - The company aims to offer differentiated access to a wide range of investment solutions tailored to diverse investor needs within private markets [3] - As of March 31, 2024, P10 has over 3,600 investors globally, spanning 50 states and 60 countries, including major pension funds, endowments, foundations, corporate pensions, and financial institutions [3] Upcoming Financial Results - P10 will release its second quarter 2024 results on August 8, 2024, after U.S. markets close [1] - A conference call will be held on the same day at 5:00 p.m. Eastern Time to discuss the results [4] - A replay of the call will be available on P10's investor relations page for those unable to participate live [2]

The total capital commitments for Fund IV represent more than a 60% increase compared to its Fund III, and an increase of approximately 220% compared to Fund II. Hark provides NAV loans to lower middle market private equity and growth equity funds, their portfolio companies, and their management companies. These loans are non-dilutive and supply growth and support capital. The firm has carved out a niche strategy that provides its limited partners an opportunity to achieve attractive risk-adjusted returns a ...