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P10, Inc., now Ridgepost Capital, Inc., operates as a private markets solutions provider focused on private equity, private credit and venture capital strategies in the middle and lower-middle market. News about the company includes operating results, dividend actions, capital-structure updates and governance matters following its corporate name change and ticker transition.
Recurring company developments also cover Bonaccord Capital Partners' GP stakes activity, advisor-platform distribution through CAIS, and regional client expansion such as the company's Dubai office.
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.
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