P10 Inc - PX STOCK NEWS

P10, Inc. (NYSE: PX), a leading private markets solutions provider, has announced an expanded credit agreement, increasing its total credit capacity to $500 million from new and existing lenders. The amended agreement includes a $175 million senior secured revolving credit facility and a $325 million senior secured term loan facility, with the option to increase by an additional $125 million. This refinancing, led by JPMorgan Chase Bank, N.A., KeyBanc Capital Markets Inc., and Texas Capital Bank, extends maturities to August 2028. The expanded facilities offer P10 enhanced financial flexibility and a diversified lending syndicate of 14 lenders. The company plans to use the proceeds to pay off existing borrowings and fund organic and inorganic growth initiatives.

P10, Inc. (NYSE: PX), a leading private markets solutions provider, has appointed Sarita Narson Jairath as EVP and Global Head of Client Solutions, effective September 16, 2024. Ms. Jairath will oversee P10's organic growth strategies, focusing on expanding global client relationships, developing new products, and enhancing market positioning. She brings over 20 years of institutional investment experience, joining from Blackstone where she was a Managing Director in Real Estate Institutional Client Solutions.

Luke Sarsfield, P10's Chairman and CEO, emphasized the importance of Ms. Jairath's role in developing an institutional framework to serve P10's growing global investor base. Her appointment is seen as a key milestone in the company's growth plan aimed at delivering long-term shareholder value.

P10, Inc. (NYSE: PX), a leading private markets solutions provider, has announced plans to host an Investor Day on September 19, 2024, in New York. The event will commence at 8:30 a.m. Eastern Time and is expected to conclude around 12:30 p.m.

During the Investor Day, P10's management team and affiliated managers will deliver comprehensive presentations covering the company's:

• Strategic vision
• Investment strategies
• Growth levers
• Financial outlook

The formal presentations will be followed by a Q&A session. A live webcast of the event, along with supporting materials, will be accessible on the Investor Relations section of P10's website. For those unable to attend, a replay will be made available after the event's conclusion.

P10, Inc. (NYSE: PX), a leading private markets solutions provider, has announced its schedule for the release of second quarter 2024 financial results. The company will disclose its Q2 2024 results on Thursday, August 8, 2024, after U.S. markets close. Following the release, P10 will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results.

Investors and interested parties can access the webcast through a provided link. Those joining by telephone are required to register for personal dial-in and PIN numbers. For those unable to attend the live call, a replay will be made available on P10's investor relations page at ir.p10alts.com.

P10 (NYSE: PX) announced that its affiliated manager, Hark Capital, has successfully closed Hark Capital IV with $645 million in capital commitments, exceeding its $500 million target. This represents a 60% increase over Fund III and a 220% rise over Fund II. The fund, which offers Net Asset Value (NAV) credit solutions, received significant backing from existing and new partners, including U.S. insurance companies, public pension plans, and family offices. Hark Capital aims to provide non-dilutive loans to lower middle market private equity and growth equity funds, their portfolio companies, and management companies. The increased demand for NAV loans, driven by higher interest rates in the private equity market, positions Hark to achieve attractive risk-adjusted returns for its investors.

P10 (NYSE: PX) has announced the launch of a new website and refreshed brand identity for its affiliated manager, RCP Advisors. The new RCP Advisors platform is designed to enhance user experience, providing easy access to the firm's strategies, news, insights, and research library. It also includes portal links for clients, ensuring better accessibility. P10's CEO, Luke Sarsfield, emphasized that the new brand identity strengthens RCP's value proposition as it focuses on North American small buyout fund managers. Explore the new site at www.rcpadvisors.com.

P10 (NYSE: PX) announced the results of its Annual Meeting of Stockholders, where all motions were approved.

Tracey Benford was appointed as the Lead Independent Director, continuing her role on several key committees.

Stockholders elected three Class III Directors to serve until the 2027 annual meeting, approved an amendment to increase shares issuable under the 2021 Incentive Plan by 11 million, and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2024.

P10, a private markets solutions provider, announced the closing of RCP Fund XVIII with $285 million in capital commitments. The fund, managed by RCP Advisors, targets North American small buyout fund managers. It includes a diverse investor base: family offices, high-net-worth individuals, foundations, public pension plans, and endowments. P10's CEO, Luke Sarsfield, highlighted the milestone, emphasizing RCP Advisors' strong private equity relationships and investment team. The fund will invest in managers focusing on companies with $3 million to $25 million EBITDA, aiming for top-quartile performance.

RCP Advisors, a private equity firm, has announced the closing of RCP Fund XVIII with $285 million in aggregate capital commitments. Fund XVIII, supported by a broad base of new and existing investors, targets small buyout fund managers. The Fund aims to invest in small to mid-sized companies with $3 million to $25 million in EBITDA. It will continue RCP's strategy of leveraging research and analytics to achieve top-quartile performance. Investors include family offices, high-net-worth individuals, foundations, public pension plans, and endowments.