P10 Inc - PX STOCK NEWS

P10, Inc. (NYSE: PX) has successfully acquired Westech Investment Advisors LLC for a total purchase price of $97 million in cash and 3,916,666 membership units. This acquisition is anticipated to contribute over $12.5 million in Adjusted EBITDA in its first full year. P10 expects to launch WTI’s next flagship fund in 2024, potentially enhancing management fee revenues. P10 aims to extend its private markets solutions and capitalizes on WTI’s 40-year experience in venture debt, further diversifying its investment solutions.

P10, Inc. (NYSE: PX) announced the acquisition of Westech Investment Advisors LLC for $97 million in cash and 3.9 million membership units. WTI, a leader in venture debt, has deployed $7.8 billion since 1980. The acquisition is expected to add over $12.5 million in Adjusted EBITDA in the first year and enhance P10's average fee rate. The deal anticipates additional earnouts of $70 million based on EBITDA growth and aims to bolster P10’s long-term growth strategy. Closing is expected in Q4 2022, subject to standard conditions.

P10, Inc. (NYSE: PX) reported significant financial growth for Q2 2022, marking a 38% increase in revenue year-over-year, totaling $46.7 million. Furthermore, the company saw a 30% rise in Fee Paying Assets Under Management to $18.5 billion. The GAAP net income surged by 351% to $11.2 million, and fully diluted GAAP EPS increased by 310% to $0.09. P10 also declared a quarterly cash dividend of $0.03 per share, payable on September 20, 2022, to shareholders as of August 29, 2022.

P10, a prominent player in private markets solutions, will announce its second quarter 2022 financial results on August 11, 2022, after U.S. markets close. A conference call is scheduled for the same date at 5:00 p.m. ET, accessible via telephone. The company boasts a global investor base exceeding 2,500 across 49 states and 53 countries as of March 31, 2022. Notably, P10 has provisions in its Certificate of Incorporation to protect tax benefits related to net operating losses, which could limit shareholder transactions that create new 4.99% shareholders.

Crossroads Impact Corp (OTCQX: CRSS) has announced a strategic partnership with Enhanced Capital Group and Conversant Capital, securing $180 million in equity capital at $10.76 per share, with an additional potential of $310 million. The company is finalizing a $150 million debt facility with Texas Capital Bank, enhancing its capital for impact investments focused on underserved communities. This collaboration aims to boost Crossroads' lending capacity in climate finance, real estate, and small business sectors, while positioning it for a possible up-listing to a national exchange.

Crossroads Impact Corp (OTCQX: CRSS) announced a strategic partnership with Enhanced Capital Group, receiving a combined $180 million equity investment from funds managed by P10 and Conversant Capital. The investment will be deployed at $10.76 per share, with a potential additional $310 million. Concurrently, Crossroads is finalizing a $150 million debt facility, enhancing its ability to support underserved communities through impact loans, which total $500 million in the pipeline. The developments position Crossroads for a potential up-listing on a national exchange.

RCP Advisors has successfully closed RCPDirect IV, a private equity fund, raising approximately $645.4 million, exceeding its target of $500 million. The fund attracted a broad base of investors including endowments, foundations, and high-net-worth individuals. The investment strategy will focus on partnering with buyout fund managers raising $100 million to $1 billion and making minority equity investments of $5 million to $30 million in lower middle market companies valued between $25 million and $500 million. RCP Advisors manages over $11.9 billion in committed capital.

P10, Inc. (NYSE: PX) reported a strong 32% year-over-year revenue increase to $43.3 million for Q1 2022. Fee Paying Assets Under Management rose by 34% to $17.6 billion. The company achieved a GAAP net income of $7.8 million, a 188% increase year-over-year. A regular quarterly cash dividend of $0.03 per share will be distributed on June 20, 2022. Furthermore, a stock repurchase program of up to $20 million was also announced, aimed at enhancing shareholder value.

P10, Inc. (NYSE: PX) has announced the release of its first quarter 2022 results scheduled for May 12, 2022, after U.S. markets close. The company will host a conference call at 4:30 PM ET on the same day. P10 is recognized as a top private markets solutions provider, offering diverse investment solutions within alternative asset management. As of December 31, 2021, P10 has a global investor base of over 2,400 investors spanning 46 states and 29 countries, including major pension funds and financial institutions.