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.
P10, Inc. (NYSE: PX) will announce its third quarter 2022 results on November 10, 2022, before 8:30 a.m. ET. The company will host a conference call at the same time, accessible via telephone or online. P10 provides multi-asset class private market solutions, with a global investor base exceeding 2,700 across 49 states and 53 countries as of June 30, 2022. Their offerings target diverse investment needs within private markets. The company also has specific ownership limitations to protect tax benefits related to net operating losses.
P10, Inc. (NYSE: PX) will release its Q3 2022 earnings on November 10, 2022, post-market closure. The company will also host a conference call at 5:00 p.m. ET on the same date. Interested parties can join the call using the provided access codes. P10 offers multi-asset class private market solutions and serves over 2,700 investors globally, including major pension funds and financial institutions. For more details, visit the investor relations page on their website.
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.
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