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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.
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P10, Inc. (NYSE: PX), a prominent player in private markets solutions, announced that it will unveil its first quarter 2023 financial results on May 15, 2023, after U.S. market close. A conference call is scheduled for the same day at 5:00 p.m. ET. Investors can participate by dialing designated numbers or accessing the call online. The company caters to a global portfolio of over 3,100 investors spanning 50 states and 59 countries, focusing on alternative asset management. P10 also has ownership limitations in place to protect tax benefits related to its net operating losses, which restrict share transfers that could create or expand a 4.99% shareholder threshold.
RCP Advisors has successfully closed RCP Fund XVII with approximately $328 million in commitments, surpassing its $300 million target. This fund, aimed at North American lower middle market buyouts, features a diverse investor base including family offices and public pension plans. Tom Danis, Managing Partner at RCP Advisors, expressed gratitude for the support amidst challenging economic conditions. The fund will continue the established investment strategy, targeting buyout managers with less than $1 billion in committed capital, focusing on small to mid-sized companies with EBITDA between $3 million and $25 million.
P10, Inc. (NYSE: PX) reported a record financial performance for 2022, showcasing remarkable double-digit year-over-year growth. In Q4 2022, Fee Paying Assets Under Management reached $21.2 billion, up 23% from the previous year. The company recorded revenue of $58.3 million, a 28% increase, and a substantial GAAP net income of $4.8 million, reflecting a 221% rise. For the full fiscal year 2022, total revenue was $198.4 million, a 32% increase, while fully diluted GAAP EPS grew to $0.24, marking a 194% rise. A quarterly dividend of $0.03 per share was declared, payable on March 31, 2023.
P10, a prominent private markets solutions provider (NYSE: PX), announced it will release its Q4 and full-year 2022 results on March 6, 2023, after U.S. market close.
A conference call will follow at 5:00 PM Eastern Time, accessible via phone or online. P10 aims to offer differentiated access to investment solutions in private markets, serving over 3,000 global investors across 46 states and 54 countries as of September 30, 2022. The company has provisions in its Certificate of Incorporation to protect tax benefits related to net operating losses, restricting share transfers to prevent new 4.99% shareholders.
On January 24, 2023, RCP Advisors announced several key promotions following a successful year in 2022. Michael Rice and Jon Soffer have been promoted to Partner, while Peter Jasaitis and Andrew Ogletree have been elevated to Principal. Julie Douglass becomes Manager, and Alex Williams is now Vice President. Managing Partner Charlie Huebner emphasized that these promotions enhance RCP's leadership talent and commitment to serving investors. Established in 2001, RCP specializes in private equity investments in the lower middle market, boasting over $12.6 billion in committed capital and 55 professionals.
P10, a private markets solutions provider (NYSE: PX), has authorized an increase to its stock buyback program, allowing for the repurchase of up to $20 million of its Class A and Class B Common Stock. The company plans to finance this program using available cash, its existing credit facility, and future operating cash flows. Repurchases may occur in various market conditions and the decision on timing will depend on the stock's market price, trading volume, and P10’s working capital needs. This buyback aims to enhance shareholder value and confidence in the company’s financial position.
P10, Inc. (NYSE: PX) is celebrating its one-year anniversary of being publicly listed on the New York Stock Exchange. On December 5, 2022, leadership will ring the Opening Bell, marking a milestone for the company.
P10 is a prominent provider of private market solutions, serving a global investor base of over 3,000 clients across 54 countries. The company emphasizes its commitment to delivering unique investment services.
To safeguard tax benefits related to net operating losses, P10 has restrictions on share ownership, preventing new shareholders from acquiring over 4.99% of the company.