P10(US:PX)2023-05-15 22:27Financial Performance - Fee-paying assets under management (FPAUM) reached $216 billion, a 23% increase compared to March 31, 2022[31] - Organic FPAUM grew by $23 billion, representing a 12% increase compared to the pro forma FPAUM as of March 31, 2022[14] - Revenue increased by 32% year-over-year, driven by $911 million in fundraising and deployment[14] - Adjusted EBITDA was $284 million, a 27% increase compared to the same period last year[12, 79] - Adjusted Net Income (ANI) was $255 million, a 14% increase year-over-year[12, 90] - Fully diluted ANI Earnings Per Share (EPS) was $021, a 17% increase compared to the previous year[12, 79] Capital Allocation - The company approved an 8% increase in the annual dividend, raising it by $001 to $013[35] - Debt paydowns of $3 million and $10 million were made on April 13, 2023, and May 1, 2023, respectively[15] - 100,000 shares were repurchased during the quarter at an average price of $851 per share, leaving $189 million available under the stock buyback program[15] FPAUM Composition - Primary Solutions accounted for 57% of the total $216 billion FPAUM as of Q1 2023[55] - Direct & Co-Investments represented 36% of the total FPAUM[55] - Secondary Investments made up 7% of the total FPAUM[55]