Welcome to our dedicated page for Praxair news (Ticker: PX), a resource for investors and traders seeking the latest updates and insights on Praxair stock.
P10, Inc. (NYSE: PX) generates a steady flow of news as a private markets solutions provider focused on private equity, private credit, and venture capital strategies in the middle and lower-middle market. Company press releases and affiliate announcements highlight developments across its global platform, including fundraising milestones, strategic initiatives, and regional expansion.
News items tied to P10 often cover earnings releases and related financial updates, where the company reports fee-related revenue, fee-related earnings, adjusted net income, and fee-paying assets under management. These announcements typically include reconciliations of non-GAAP measures to GAAP results and provide insight into how management evaluates the performance of its private markets strategies.
Investors following PX-related news also see updates on corporate actions and capital markets activity. For example, P10 has announced a dual listing of its Class A common stock on NYSE Texas while maintaining its primary listing on the New York Stock Exchange. The company has also disclosed a planned change of its corporate name from P10, Inc. to Ridgepost Capital, Inc., with a corresponding ticker symbol change from PX to RPC on both exchanges as of a specified effective date.
Another recurring theme in P10’s news flow is platform and geographic expansion. The company announced the opening of a new office in Dubai within the Dubai International Financial Centre, licensed by the Dubai Financial Services Authority, to support client partnerships across the Middle East. Affiliate news from businesses that are part of P10, such as RCP Advisors, Bonaccord Capital Partners, and Enhanced Capital, adds further context on fundraising successes, minority investments, and community development finance through New Markets Tax Credit allocations.
By reviewing the PX news feed on this page, readers can track how P10 communicates its strategic focus on private markets, its engagement with investors and industry events, and the evolution of its corporate identity and platform. Regularly checking this page helps users monitor key announcements that shape the company’s trajectory in the alternative asset management sector.
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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