Welcome to our dedicated page for P10 news (Ticker: PX), a resource for investors and traders seeking the latest updates and insights on P10 stock.
P10, Inc. (NYSE: PX) is a leading player in the alternative asset management sector, specializing in multi-asset class private market solutions. The company offers a broad range of investment solutions designed to meet the diverse needs of its clients. These solutions include specialized funds, separate accounts, secondary investments, direct investments, and co-investments, spanning various asset classes and geographies. P10 focuses primarily on the middle and lower-middle markets, providing services in Private Equity, Venture Capital, Impact Investing, and Private Credit.
P10's revenue model is robust, primarily driven by recurring management and advisory fees on committed capital, which typically remain locked up for ten to fifteen years. This long-term commitment provides a stable financial outlook and supports the company's strategic growth initiatives.
In recent years, P10 has achieved notable milestones. The company reported substantial financial growth in 2023, with double-digit asset growth and strong revenue performance. As of December 31, 2023, P10 managed a global investor base that includes over 3,600 investors across 50 states, 60 countries, and six continents. This diverse investor base features some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions.
Recent developments include key executive appointments to strengthen P10's leadership and strategic direction. In February 2024, Arjay Jensen was appointed as EVP, Head of Strategy and M&A, bringing over 20 years of dealmaking expertise. Mark Hood was promoted to Chief Administrative Officer, overseeing various operational functions. In April 2024, Melodie Craft joined as General Counsel, providing strategic guidance on legal and regulatory matters.
P10's commitment to its investors is further underscored by its proactive corporate governance. The company’s Board of Directors has authorized a stock repurchase program and declared quarterly cash dividends, reflecting its strong financial health and commitment to shareholder value. Additionally, the company recently terminated its stockholder rights plan, indicating confidence in its tax benefits preservation strategy.
P10 continues to innovate and expand its market presence. The company is capitalizing on opportunities in the alternatives sector, especially in the middle market, and remains focused on executing strategic priorities and investing in its platform to drive long-term growth.
For more information about P10, visit their official website at www.p10alts.com.
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.
FAQ
What is the current stock price of P10 (PX)?
What is the market cap of P10 (PX)?
What does P10, Inc. specialize in?
How does P10 generate revenue?
Who are P10’s primary clients?
What recent executive appointments has P10 made?
What is P10's approach to corporate governance?
What distinguishes P10’s investment solutions?
How has P10 performed financially in recent years?
What is P10's mission?
How does P10 support long-term growth?
Where can I find more information about P10?
