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P10 Announces Results of its Annual Meeting of Stockholders
GlobeNewswire News Room· 2024-06-17 20:30
DALLAS, June 17, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, announced the voting results of its Annual Meeting of Stockholders. All motions put forward by the Company were passed. Additionally, the Board of Directors (the “Board”) of P10, Inc. appointed Tracey Benford to Lead Independent Director. Ms. Benford, who joined the Board in April of 2024, will continue to serve on the Company’s Audit Committee, Compensation Committee, and Nominating ...
RCP Advisors Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments
Newsfilter· 2024-05-20 20:30
DALLAS, May 20, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE:PX), a leading private markets solutions provider, today announced that its affiliated manager, RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII ("Fund XVIII" or the "Fund"). "We are thrilled to announce this milestone for RCP Advisors and the P10 platform on the closing of Fund ...
RCP Advisors Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments
globenewswire.com· 2024-05-20 20:30
DALLAS, May 20, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that its affiliated manager, RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII ("Fund XVIII" or the "Fund"). "We are thrilled to announce this milestone for RCP Advisors and the P10 platform on the closing of Fund ...
RCP Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments
Newsfilter· 2024-05-14 04:56
CHICAGO, May 13, 2024 (GLOBE NEWSWIRE) -- RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII ("Fund XVIII" or the "Fund"). The Fund closed on approximately $285 million in aggregate commitments. The Fund has a broad LP base of new and existing investors, including family offices, high-net-worth individuals, foundations, public pension pl ...
P10(PX) - 2024 Q1 - Earnings Call Transcript
2024-05-13 00:06
财务数据和关键指标变化 - 公司在第一季度实现了强劲的财务业绩,实现了16%的费用相关收入同比增长和9%的费用相关收益同比增长,费用相关收益率为47% [7][24][25] - 公司预计全年费用相关收益率将维持在45%左右的水平,略高于年度预期 [7] 各条业务线数据和关键指标变化 - 私募股权策略在第一季度筹集和部署了2.13亿美元,风险投资解决方案筹集和部署了3.39亿美元,信贷策略增加了9900万美元的收费资产管理规模 [23] - 其中TrueBridge风险投资策略在第一季度筹集了2.33亿美元 [23] 各个市场数据和关键指标变化 - 公司认为中低端中型市场相对上端中型市场更具抗风险性,受到一些宏观动态的影响较小,如并购环境显著放缓、更多依赖于杠杆以及交易竞争环境更加激烈等 [8][9] - 公司认为中低端中型市场提供了风险缓释,在当前利率环境和通胀压力下也表现出了持久的抗压能力 [9] 公司战略和发展方向及行业竞争 - 公司正在推进五大战略支柱:1)优化组织架构,2)通过客户关系和战略合作推动有机增长,3)实施严格的并购流程推动非有机增长,4)提高运营效率,5)加强与股东的沟通 [56][57] - 公司认为中低端中型市场的竞争环境相对较小,公司作为该领域的领导者,拥有明显的差异化优势 [8][9] 管理层对经营环境和未来前景的评论 - 公司认为中低端中型市场相对上端中型市场更具抗风险性,在当前利率环境和通胀压力下也表现出了持久的抗压能力 [8][9] - 公司对自身的增长前景和股价内在价值表示高度确信,内部人员持有大量公司股份,体现了与股东利益的高度一致性 [19] 问答环节重要的提问和回答 问题1 **Alex Bernstein 提问** 询问公司去除现金费用影响后的费率情况,以及未来费率的框架 [33][34] **Amanda Coussens 回答** 公司年度费率指引为105个基点,第二季度将出现部分到期的影响 [34] 问题2 **Benjamin Budish 提问** 询问公司全年筹资目标的实现情况,以及未来几个季度的筹资预期 [39][40][41][42] **Luke Sarsfield 回答** 公司有15只基金将在全年陆续进入市场,第一季度筹资势头良好,后续有多只大型基金即将完成最终关闭,对全年筹资目标充满信心 [40][41][42] 问题3 **Adam Beatty 提问** 询问公司未来费用增长的预期 [47][48][49][50] **Amanda Coussens 回答** 公司有信心在保持强劲财务表现的同时管控好费用,预计全年EBITDA率将维持在45%左右水平,未来会受到新业务线较低毛利率以及关键人才投资的影响 [49][50]
P10(PX) - 2024 Q1 - Quarterly Report
2024-05-10 04:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40937 P10, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-2908 ...
P10(PX) - 2024 Q1 - Quarterly Results
2024-05-09 04:11
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P10(PX) - 2023 Q4 - Annual Report
2024-03-13 09:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40937 P10, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-2908160 ( ...
P10(PX) - 2023 Q4 - Earnings Call Transcript
2024-03-01 09:09
财务数据和关键指标变化 - 2023年第四季度费用支付资产管理规模为233亿美元,同比增长10% [42] - 2023年全年收入从1.984亿美元增长到2.417亿美元,增长22% [43] - 第四季度平均费率为109个基点,受益于直接策略成为费用支付资产管理规模的较大部分 [43] - 2023年全年调整后EBITDA从1.068亿美元增长到1.236亿美元,增长16% [51] - 2023年第四季度调整后净收益为2,550万美元,同比下降7% [52] - 2023年全年调整后每股收益增长2%至0.82美元 [52] 各条业务线数据和关键指标变化 - 私募股权策略在第四季度募集和部署了3.24亿美元 [48] - 风险投资策略在第四季度募集了2.99亿美元 [48] - 信用策略在第四季度募集和部署了2.09亿美元 [48] - 团队策略在第四季度贡献了2,800万美元 [48] 各个市场数据和关键指标变化 - 2024年预计将有1.2亿美元的退出,下半年还有额外3亿美元 [42] 公司战略和发展方向及行业竞争 - 公司将重点关注四个方面:制度化平台、增加有机增长、实施有纪律的并购策略、提高运营效率和加强与股东的沟通 [15][16] - 公司计划在2024年宣布至少一项战略交易 [32] - 公司将继续投资客户关系,寻找行业资深人士担任分销主管 [23][24] - 公司将采取更加透明的沟通方式,提供更多KPI指标供投资者评估公司表现 [29][30] 管理层对经营环境和未来前景的评论 - 管理层认为公司基本面保持强劲,2024年将为加速2025年及以后的增长奠定基础 [40] - 管理层表示公司正在进行关键的人力资本投资,这些投资将推动核心增长并为投资者带来高回报 [34][35] 问答环节重要的提问和回答 问题1 **Michael Cyprys 提问** 询问管理层在听证会上的关键收获以及未来加速增长的关键举措 [57] **Luke Sarsfield 回答** 1) 公司投资策略的卓越实力和管理团队的才能是最引人注目的 [58][59] 2) 有限合伙人对公司的信任和信心是非常宝贵的 [59] 3) 公司上下一致希望进行必要的基础工作以提升股价 [59][60] 4) 公司将通过增强现有客户关系和并购来推动有机和非有机增长 [61][62][63] 5) 公司将优化运营结构,鼓励协同合作并利用数据洞见 [64] 问题2 **Kenneth Worthington 提问** 询问2024年费率水平和资产退出规模的预期 [74] **Amanda Coussens 回答** 1) 预计2024年平均费率将维持在105个基点左右 [75] 2) 预计2024年上半年资产退出规模为12亿美元,下半年为3亿美元,总体退出规模占资产管理规模的5.3% [78][79] 问题3 **Mike Brown 提问** 询问公司在当前估值水平下的并购策略 [94] **Luke Sarsfield 回答** 1) 公司有充足的资本实力进行并购,不会完全受当前估值水平的限制 [97][98] 2) 公司将采取选择性和机会主义的方式进行并购,关注创造价值和高投资回报 [99][100] 3) 公司可能会考虑一些较小规模但有针对性的"珍珠项链"式并购,而不是大规模并购 [100]
P10(PX) - 2023 Q4 - Earnings Call Presentation
2024-03-01 06:03
Fourth Quarter and Full Year 2023 Results EARNINGS PRESENTATION Legal Disclaimer IMPORTANTNOTICES CAUTIONREGARDINGFINANCIALANDOPERATINGPROJECTIONS The inclusion of references to P10, Inc. (“P10” or the “Company”) in this presentation is for All financial and operating projections, forecasts or estimates about or relating to the information purposes only as the holding company of various subsidiaries. P10 does not offer Company included in this document, including statements regarding pro-forma valuation inv ...