P10 Holdings Announces Strategic Relationship with Crossroads, Inc. to Promote Impact Credit
P10 Holdings (OTC: PIOE) has established a strategic partnership with Crossroads Systems (OTCQX: CRSS) to enhance their Impact Credit initiative. This collaboration will see Enhanced Capital Group, LLC (ECG) managing loans for small businesses, particularly those owned by women and minorities, as well as for renewable energy and community redevelopment projects. The loans will generate yields for CRSS while ECG earns advisory fees. CEO Michael Korengold emphasized the importance of socially responsible capital allocation in this venture.
- Strategic partnership with Crossroads Systems enhances loan management capabilities.
- Focus on small business loans to women and minority-owned businesses aligns with social responsibility objectives.
- Potential for generating attractive yields for Crossroads Systems.
- Future performance is subject to various risks including regulatory actions and capital requirements.
DALLAS, Sept. 14, 2021 (GLOBE NEWSWIRE) -- P10 Holdings, Inc. (OTC: PIOE) announces strategic relationship with Crossroads Systems, Inc. (OTCQX: CRSS) (“Crossroads”) to promote Impact Credit.
P10’s Impact solution, Enhanced Capital Group, LLC, (“ECG”) announced a strategic partnership with Crossroads, parent company of Capital Plus Financial (“CPF”), a leading Certified Development Financial Institution (“CDFI”). Under the terms of the agreement, ECG will originate and manage loans across its diverse lines of business including small business loans to women and minority owned businesses, and loans to renewable energy and community redevelopment projects. The loans will be held by CPF, generating an attractive yield for CRSS while providing an advisory fee to ECG.
Michael Korengold, CEO of Impact at P10, commented “Our 21-year history in Impact Credit puts us at the forefront of allocating capital in a socially responsible way. We are thrilled to partner with one of the leading CDFIs to further our mission of providing capital to areas that need it most.”
More details can be found at https://www.crossroads.com/ under the Press Releases section of the Investor Information page.
Ownership Limitations
P10’s Certificate of Incorporation, as amended, contains certain provisions for the protection of tax benefits relating to P10’s net operating losses. Such provisions generally void transfers of shares that would result in the creation of a new
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