P10 Inc Stock Price, News & Analysis

P10's (NYSE: PX) subsidiary RCP Advisors has successfully closed its latest primary fund-of-funds, RCP Fund XIX, raising $314 million in capital commitments. The Fund attracted a diverse investor base including family offices, public pension plans, endowments, foundations, and high-net-worth individuals. Fund XIX will maintain RCP's established investment strategy, targeting investments in North American small buyout fund managers with less than $1 billion in committed capital. These managers focus on control-oriented investments in small to mid-sized companies with enterprise values between $10 million to $250 million. This closing marks RCP Advisors' continued success in the small company buyout market, where they have been operating for over 23 years.

RCP Advisors has successfully closed its latest primary fund-of-funds, RCP Fund XIX, with approximately $314 million in capital commitments. The fund attracted a diverse investor base including family offices, public pension plans, endowments, foundations, and high-net-worth individuals.

Fund XIX will maintain RCP's established investment strategy, targeting investments with buyout fund managers who primarily focus on less than $1 billion in committed capital. These managers typically seek control-oriented investments in established small to mid-sized companies with enterprise values ranging from $10 million to $250 million.

P10 reported its Q1 2025 financial results, achieving record fundraising with over $1.4 billion in gross new fee-paying AUM. Revenue increased 2% YoY to $67.7 million, while fee-paying AUM grew 10% YoY to $26.3 billion. The company reported GAAP net income of $4.7 million and adjusted net income of $23.5 million. P10 completed the acquisition of Qualitas Funds to expand its global presence. The company repurchased 1.2M shares at an average price of $12.31 and increased its quarterly dividend by 7% to $0.0375 per share. Fee-related earnings remained flat at $30.7 million compared to the prior year.

P10 (NYSE: PX) has announced the appointment of two new independent directors to its Board. Jennifer Glassman joins as a Class I director and will serve on the Audit Committee, while Stephen Blewitt joins as a Class III director and will serve on the Compensation Committee, both effective April 21, 2025.

Glassman, currently CFO at Towerbrook Capital Partners, brings extensive financial services experience from her previous roles at Soros Private Equity and PricewaterhouseCoopers. Blewitt, co-founder of Youth.Work.Connect, previously served as Chief Investment Officer of Private Markets at Manulife Investment Management, where he led global investment teams across various asset classes including private equity, credit, real estate, and infrastructure.

P10 Inc (NYSE: PX), a private markets solutions provider, has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, before U.S. markets open. The company will host a conference call and live webcast at 8:30 a.m. Eastern Time on the same day. A replay will be available on P10's investor relations website for those unable to attend the live event.

P10, Inc. (NYSE: PX) announced that its strategy, RCP Advisors, has successfully closed its latest co-investment fund, RCPDirect V, LP, raising approximately $994 million in capital commitments, exceeding its target of $800 million.

The Fund attracted both new and existing investors, including family offices, insurance companies, and high-net-worth individuals. RCP Direct V will focus on partnering with buyout fund managers who raise funds between $100 million and $1 billion, making minority equity investments ranging from $7.5 million to $40 million in lower middle market companies with enterprise values of $25 million to $500 million.

The successful fundraising, completed despite challenging macroeconomic conditions, demonstrates investor confidence in RCP Advisors' 24-year track record in the small buyout market segment.

RCP Advisors has successfully closed its latest co-investment fund, RCPDirect V, raising approximately $994 million in capital commitments, significantly exceeding its target of $800 million. The fund attracted a diverse group of partners, including family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals.

RCPDirect V will focus on partnering with buyout fund managers who raise funds between $100 million and $1 billion in committed capital. The fund will make minority equity investments ranging from $7.5 million to $40 million in lower middle market companies with enterprise values between $25 million to $500 million.

P10, Inc. (NYSE: PX) has completed its acquisition of Qualitas Equity Funds for an initial purchase price of $63 million, with potential additional earnout consideration. The Madrid-based private equity platform manages approximately $1 billion in fee-paying assets and serves over 1,300 partners across ultra-high-net-worth, family office, and institutional channels.

Founded in 2015 by Eric Halverson and Sergio Garcia, Qualitas Funds specializes in fund-of-funds, direct co-investing, and NAV financing opportunities in the European lower-middle market. This acquisition marks P10's significant expansion into Europe, complementing their existing platform with Qualitas Funds' established performance track record.

RCP Advisors has successfully closed its RCP Small and Emerging Fund III (RCP SEF III) with approximately $170.3 million in capital commitments, surpassing its target fund size. The fund attracted a diverse investor base including family offices, insurance companies, and high-net-worth individuals.

The Fund maintains the same investment strategy as RCP's previous small and emerging funds-of-funds, focusing on North American buyout fund managers who are raising their second institutional fund or earlier, with targets of $300 million or less in aggregate capital commitments.