P10 Stock Price, News & Analysis

P10, Inc. (NYSE: PX) is a private markets solutions provider in the finance and insurance sector, classified under securities and commodity exchanges. According to company disclosures, P10 focuses on the middle and lower-middle market and invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies. Its products serve a global investor base and are designed to offer compelling risk‑adjusted returns within the alternative asset management space.

The company is listed on the New York Stock Exchange under the ticker symbol PX and also trades on NYSE Texas, Inc. as disclosed in its SEC filings. P10’s business model centers on private market investment strategies and fee‑based asset management. As described in its earnings materials, fee‑paying assets under management are a key operating metric, and the firm emphasizes fee‑related revenue and fee‑related earnings as important measures of profitability. Management and advisory fees are generally earned on committed capital, and in certain cases on net invested capital, depending on the fee terms of its investment vehicles.

Within the broader alternative asset management sector, P10 positions itself as a platform that aggregates and develops specialized private market capabilities. Company and affiliate communications highlight activity across areas such as North American small buyout strategies, secondary investments, and project finance and small business lending through subsidiaries and affiliates that are part of the P10 platform. These activities reflect P10’s focus on middle and lower‑middle market opportunities that may be less accessible to many investors.

P10’s SEC filings and public releases also underscore the importance of fee‑related earnings (FRE), adjusted net income (ANI), and fee‑related revenue (FRR) as non‑GAAP measures used internally to assess performance. These metrics adjust GAAP net income for items such as depreciation and amortization, non‑cash stock‑based compensation, acquisition‑related expenses, interest expense, and income taxes, among others. The company provides reconciliations of these non‑GAAP measures to the most directly comparable GAAP figures in its earnings materials.

In addition to its core investment activities, P10 has taken steps to expand its capital markets profile and geographic reach. The company announced a dual listing on NYSE Texas Inc., maintaining its primary listing on the New York Stock Exchange while also trading under the PX symbol on NYSE Texas. P10 also reported the opening of a new office in Dubai within the Dubai International Financial Centre, operating under the Dubai Financial Services Authority regulatory framework. This office is intended to support client partnerships across the Middle East and reflects the firm’s interest in serving investors in that region.

P10’s platform includes affiliated managers that operate under the P10 umbrella. For example, RCP Advisors, described as a subsidiary of P10, focuses on North American small buyout fund managers through primary funds, secondary funds, and co‑investment funds, as well as customized solutions and research services. Another P10‑related business, Bonaccord Capital Partners, is described as a private equity business that provides growth capital and strategic support to mid‑market private markets sponsors. Enhanced Capital Group, LLC, also identified as part of P10, is a private credit investment manager focused on project finance and small business lending, and its subsidiary Enhanced Community Development participates in federal and state New Markets Tax Credit programs.

From a corporate identity perspective, P10 has disclosed a significant change to its name and trading symbol. In an 8‑K filing, the company reported that it filed a Certificate of Amendment to change its name from P10, Inc. to Ridgepost Capital, Inc., effective February 11, 2026. The same filing states that, as of that effective date, the company’s common stock is expected to begin trading on the New York Stock Exchange and NYSE Texas under the ticker symbol RPC, while the CUSIP number for the common stock will remain unchanged. The company’s bylaws were also amended to reflect the new name.

Investors analyzing PX as a historical ticker can see from public materials that P10 emphasized a diversified set of private market strategies, a focus on the middle and lower‑middle market, and a global investor base. The firm also communicates extensively about its use of non‑GAAP performance measures, its credit facilities and related interest rate risk management (including an interest rate collar transaction disclosed in an 8‑K), and its participation in industry events and sponsorships that relate to the global private capital industry.

Because P10’s business is centered on private markets, regulatory filings and press releases place particular weight on assets under management, fundraising activity, and the structure of management and advisory fees. While specific financial figures change over time, the structural emphasis on fee‑based revenue from committed or invested capital, and on alternative asset strategies in private equity, private credit, and venture capital, is core to the company’s stated model.

Business model and revenue characteristics

According to company disclosures and sector classification, P10 operates within the alternative asset management and private markets ecosystem. Its vehicles typically earn management and advisory fees based on committed capital and, in some cases, net invested capital. This fee structure means that revenue is tied to long‑term capital commitments rather than short‑term market movements, which is a common feature of private market funds. The company highlights fee‑related revenue and fee‑related earnings as key indicators of the profitability of its asset management activities.

Non‑GAAP metrics such as adjusted net income are used by P10 to estimate cash flows generated by core operations. These measures exclude non‑cash items and certain one‑time or acquisition‑related expenses, as described in the reconciliations included in its earnings materials. The company notes that other firms may calculate similar metrics differently and that these measures have limitations as analytical tools, but P10 presents them as useful for evaluating ongoing operating performance.

Corporate evolution and ticker symbol transition

The 8‑K filed on January 12, 2026, documents a planned transition in corporate identity from P10, Inc. to Ridgepost Capital, Inc. The filing states that the name change becomes effective on February 11, 2026, and that on that date the company’s common stock is expected to begin trading under the new ticker symbol RPC on both the New York Stock Exchange and NYSE Texas. For investors researching PX, this means that PX represents the company’s historical ticker prior to the name and symbol change, while ongoing trading and disclosures are expected to occur under RPC after the effective date.

Affiliated platforms and focus areas

Public announcements from P10 and its affiliates provide additional context on the types of strategies associated with the platform. RCP Advisors, as a subsidiary of P10, concentrates on North American small buyout fund managers and offers primary, secondary, and co‑investment funds, along with customized solutions and research services. Bonaccord Capital Partners, described as part of P10, focuses on providing growth capital and strategic support to mid‑market private markets sponsors across private equity, private credit, and real estate and real assets. Enhanced Capital Group, LLC, also part of P10, is a private credit investment manager focused on project finance and small business lending, and its subsidiary Enhanced Community Development participates in federal and state New Markets Tax Credit programs aimed at supporting businesses and developments in or serving low‑income communities.

These affiliated businesses illustrate the range of private market activities associated with P10’s platform, from small buyout private equity and secondary transactions to private credit and community development finance. Each operates within its own mandate but is identified in public materials as being part of P10, Inc. (now transitioning to Ridgepost Capital, Inc.).

Regulatory and capital markets context

P10’s SEC filings include disclosures about its exchange listings, credit arrangements, and risk management practices. The company’s Class A common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on the New York Stock Exchange and NYSE Texas. An 8‑K filed in September 2025 describes an interest rate collar hedging transaction with a notional amount tied to borrowings under an Amended and Restated Credit Agreement, illustrating how the company manages variable interest rate risk associated with its debt.

Through its press releases and filings, P10 also communicates about earnings releases, conference participation, and sponsorships at industry events, which provide additional insight into how the firm engages with investors and the broader private capital community. These communications consistently describe P10 as a private markets solutions provider with a focus on private equity, private credit, and venture capital strategies in the middle and lower‑middle market.