P10 Inc Stock Price, News & Analysis

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.

P10, Inc. (NYSE: PX) appoints Luke Sarsfield as Chairman effective June 14, 2024, after Robert Alpert steps down as Executive Chairman. The company terminates its stockholder rights plan to improve governance policy. These changes follow the recent appointment of Tracey Benford as an independent director in April.

P10, Inc. (NYSE: PX) reported record quarterly revenue of $66.1 million, a 15% increase year over year. The company also increased its dividend by 8% and saw growth in fee-paying assets under management. Additionally, they announced the appointment of a new General Counsel, Melodie Craft, and increased their share repurchase authorization. The Board of Directors declared an 8% increase in the quarterly dividend.

P10, Inc. (NYSE: PX) appointed Melodie Craft as its General Counsel, effective April 29, 2024. Craft brings over two decades of legal experience, specializing in corporate governance and regulatory compliance for financial services companies. Luke Sarsfield, CEO of P10, praised Craft's expertise and leadership, highlighting her role in driving the company's growth strategies.