Core Insights - Abacus Global Management, Inc. reported exceptional financial results for the first quarter of 2025, with total revenue more than doubling year-over-year to $44.1 million, driven by increased revenues from Life Solutions and asset management fees from recent acquisitions [1][6][2] Financial Performance - Total revenue for Q1 2025 was $44.1 million, compared to $21.5 million in Q1 2024, representing a growth of over 105% [6] - GAAP net income for Q1 2025 was $4.6 million, a significant turnaround from a net loss of $1.3 million in the prior-year period [6] - Adjusted net income grew 158% year-over-year to $17.3 million, up from $6.7 million in Q1 2024 [6] - Adjusted EBITDA more than doubled to $24.5 million, compared to $11.6 million in the prior-year period, with an adjusted EBITDA margin of 55.6% [6][27] Capital and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $43.8 million and total assets of $856.5 million [4][22] - The company reported outstanding long-term debt of $238.0 million [4] Growth and Market Position - The company attracted $122.8 million in capital inflows for its newly launched funds within the first month, indicating strong market demand [2] - The number of policies held increased to 753 from 322 year-over-year, reflecting growth in the company's Life Solutions segment [6] 2025 Outlook - The company maintains its full-year 2025 outlook for adjusted net income between $70 million and $78 million, implying growth of 51% to 68% compared to 2024 [7]

Financial Data and Key Metrics Changes - Total revenue for the fiscal third quarter of 2025 was $3.2 million, reflecting a 15% year-over-year growth [6][17] - Fee-paying assets under management (AUM) increased by 15% year-over-year, reaching approximately $565 million [7][17] - The company reported a net loss of $4.5 million for the quarter, compared to a net loss of $2.9 million in the prior year period [17] Business Line Data and Key Metrics Changes - The company launched Monomoy Construction Services through the acquisition of Greenfield CRE, enhancing its real estate capabilities [6][11] - Base management fees from Great Elm Capital Corp (GECC) grew over 40% year-over-year to $1.3 million [9] - Great Elm Credit Income Fund delivered returns on invested capital of approximately 13.9% net of fees since inception [10] Market Data and Key Metrics Changes - GECC raised approximately $147 million through equity and debt issuances in calendar year 2024, contributing to the growth in fee-paying AUM [7] - GECC generated record total investment income of $12.5 million, marking the highest cash income quarter in the company's history [8] Company Strategy and Development Direction - The company is focused on expanding its core credit and real estate platforms as part of its long-term growth strategy [6] - The acquisition of Greenfield CRE is expected to create revenue and operational synergies, enhancing the overall real estate value proposition [11][15] - The company aims to evaluate strategic opportunities to expand its businesses and add differentiated product offerings with attractive risk-adjusted return profiles [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of unrealized losses related to investments as market conditions stabilize [13][18] - The company remains committed to executing development projects to drive profitability and deliver value for both tenants and shareholders [10][15] Other Important Information - The company has approximately $32 million in cash available to facilitate continued growth across its asset management platforms [7][18] - Share repurchase program executed with approximately 4.8 million shares repurchased for $8.7 million at an average cost of $1.84 per share, representing a 15% discount to the quarter-end book value per share of $2.14 [12][13] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing comments from the CEO [19][20]

Financial Data and Key Metrics Changes - Total revenue for the fiscal third quarter of 2025 was $3.2 million, reflecting a 15% year-over-year growth [6][16] - Fee-paying assets under management (AUM) increased by 15% year-over-year, reaching approximately $565 million [6][16] - The company reported a net loss of $4.5 million for the quarter, compared to a net loss of $2.9 million in the prior year period [16][17] - Adjusted EBITDA for the quarter was $500,000, down from $1.2 million in the prior year [17] Business Line Data and Key Metrics Changes - The company launched Monomoy Construction Services through the acquisition of Greenfield CRE, enhancing its real estate capabilities [5][11] - Great Elm Capital Corp (GECC) raised approximately $147 million through equity and debt issuances, contributing to a 40% increase in fee-paying AUM at GECC [6][7] - Base management fees from GECC grew over 40% year-over-year to $1.3 million [9] Market Data and Key Metrics Changes - The company ended the quarter with approximately $32 million in cash, positioning it well for future growth amid market volatility [13][17] - GECC generated record total investment income of $12.5 million, marking the highest cash income quarter in the company's history [7] Company Strategy and Development Direction - The company is focused on expanding its core credit and real estate platforms as part of its long-term growth strategy [5][15] - The acquisition of Greenfield CRE is expected to provide revenue and cost synergies, enhancing the overall real estate value proposition [11][14] - The company aims to evaluate strategic opportunities to expand its businesses and add differentiated product offerings with attractive risk-adjusted return profiles [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of unrealized losses related to investments as market conditions stabilize [13][17] - The company remains focused on enhancing financial performance and growing AUM, with a strong liquidity position to support future growth initiatives [14][15] Other Important Information - The company has repurchased approximately 4.8 million shares for $8.7 million under its $20 million buyback program, achieving an average cost of $1.84 per share [12][13] - The net loss for the quarter was primarily driven by unrealized losses related to investments marked lower amid broader market volatility [13][17] Q&A Session Summary Question: What are the expectations regarding the recovery of unrealized losses? - Management remains highly confident that the unrealized losses will reverse over time as market conditions stabilize [13][17] Question: How is the company positioned for future growth? - The company has a strong liquidity position with approximately $32 million in cash, enabling it to support future growth initiatives across its alternative asset management platform [13][14]

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 ...

May 8, 2025 Fiscal Third Quarter Ended March 31, 2025 NASDAQ: GEG 1 Amount excludes Consolidated Funds. March 2023 May 8, 2025 ©2023 Great Elm Capital Corp. 2 2 • In February 2025, the Company launched Monomoy Construction Services, LLC ("MCS"), an integrated, full-service construction business through the acquisition of Greenfield CRE, LLC ("Greenfield") and Monomoy BTS Construction Management, LLC • In May 2025, Great Elm Capital Corp. ("GECC") launched a $100 million At-the-Market equity program, providi ...

Company to Host Conference Call at 8:30 a.m. ET on May 8, 2025PALM BEACH GARDENS, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2025. Fiscal Third Quarter 2025 and Recent Highlights In February 2025, Great Elm acquired the assets of Greenfield CRE and formed Monomoy Construction Services, LLC (“MCS”), combining the ass ...

Company Overview - Trinity Capital has provided $4.3 billion in fundings across 403 investments with 234 exits[9] - The company's portfolio includes $1,330.4 million in secured loans to 81 companies, $336.7 million in equipment financings to 27 companies, and $125.6 million in equity & warrants across 132 companies[9] - As of March 31, 2025, Trinity Capital had $216.4 million in available liquidity and a debt-to-equity ratio of 116%[9] - The annualized dividend yield is 13.5%, based on a $0.51 dividend per share for Q1 2025[9, 11] Financial Highlights (Q1 2025) - Total investment income reached $65.4 million[43] - Net investment income (NII) was $32.4 million, resulting in $0.51 per share[43] - The company committed $185.9 million in debt & equity and funded $220.4 million in debt & equity[43] - Total platform assets under management amounted to $2,142.2 million[43] - The effective yield was 15.3%, while the core yield was 14.1%[43] Portfolio Composition - Loans represent 74.2%, equipment financings 18.8%, and equity & warrants 7.0% of the investment type[84] - The portfolio is diversified across industries, with the largest allocations in Finance and Insurance (17.6%), Medical Devices (12.7%), and SaaS (10.4%)[84] - Floating rate debt investments constitute 76.9% of the portfolio[100]

Financial Performance - TPG's net income for 1Q'25 was $88 million, compared to a net loss of $9 million in 1Q'24[16] - Net income attributable to TPG Inc was $25 million for 1Q'25, compared to $16 million in 1Q'24[16] - Fee-Related Revenues (FRR) for 1Q'25 increased by 6% to $476 million compared to $451 million in 1Q'24[17] - After-tax Distributable Earnings (DE) for 1Q'25 was $187 million, an increase from $181 million in 1Q'24[17] Assets Under Management (AUM) - Total AUM reached $251 billion, up 12% from $223.6 billion in 1Q'24[7, 17] - Fee Earning Assets Under Management (FAUM) increased by 4% to $142.8 billion, compared to $137 billion in 1Q'24[17] - Available capital stood at $57 billion at the end of 1Q'25[4, 17] Capital Activity - Capital raised in 1Q'25 was $59 billion, compared to $47 billion in 1Q'24[17] - Capital invested in 1Q'25 amounted to $73 billion, compared to $65 billion in 1Q'24[17] - Realizations in 1Q'25 totaled $43 billion, compared to $49 billion in 1Q'24[17] Dividend - TPG declared a quarterly dividend of $041 per share of Class A common stock, payable on June 2, 2025[5]

Core Insights - Trinity Capital Inc. reported a total investment income growth of 29.5% year-over-year, reaching $65.4 million for Q1 2025 [4][13] - The company's net asset value (NAV) increased to $833 million, although NAV per share decreased to $13.05 from $13.35 [10][13] - The return on average equity (ROAE) was reported at 15.5% for the first quarter of 2025 [13] Financial Performance - Total investment income for Q1 2025 was $65.4 million, compared to $50.5 million in Q1 2024 [4][13] - Net investment income was approximately $32.4 million, or $0.52 per share, compared to $25.2 million or $0.54 per share in the previous year [7][13] - The net increase in net assets resulting from operations was $27.1 million, or $0.43 per share, up from $14.5 million or $0.31 per share in Q1 2024 [9][13] Operating Expenses - Total operating expenses, excluding interest, were $15.3 million in Q1 2025, up from $13.2 million in Q1 2024, primarily due to higher compensation and professional fees [5] - Interest expense increased to $17.7 million in Q1 2025 from $12.1 million in Q1 2024, attributed to higher average debt outstanding and borrowing rates [6] Investment Portfolio - As of March 31, 2025, the investment portfolio had a fair value of approximately $1.79 billion, consisting of $1.33 billion in secured loans, $336.7 million in equipment financings, and $125.6 million in equity and warrants [11][12] - The company originated approximately $185.9 million in new commitments during the first quarter, with gross investments funded totaling $220.4 million [12][13] Asset Management and Liquidity - The company had approximately $216.4 million in available liquidity as of March 31, 2025, including $8.4 million in unrestricted cash [17] - Trinity's leverage ratio was approximately 116% at the end of Q1 2025, compared to 108% at the end of Q4 2024 [20] Dividend Distribution - The Board of Directors declared a regular dividend of $0.51 per share for Q1 2025, marking the 21st consecutive quarter of consistent or increased dividends [22][13]

Core Viewpoint - Moody's has assigned Trinity Capital an investment grade long-term issuer rating of Baa3 with a stable outlook, reflecting the company's strong performance and investment expertise [1][2]. Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on delivering consistent returns through private credit markets, having deployed over $4 billion across 400 investments since its inception in 2008 [3]. - The company operates across five complementary verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences [3]. Rating Factors - Moody's cited several factors for the Baa3 rating, including Trinity Capital's investment expertise, growing performance record, low reliance on secured funding, and strong capitalization and liquidity [2]. - The company's increased scale and diversification, particularly through new business verticals, were also highlighted as positive developments [2]. Management Commentary - The Chief Financial Officer of Trinity Capital expressed satisfaction with the Baa3 rating, indicating it affirms the strength of the company's platform and will facilitate access to capital at more favorable rates [3].