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 ...

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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 | | 87-290 ...

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]

Fourth Quarter and Full Year 2023 Results $ 57.7 $ 52.6 10% $ 220.8 $ 154.9 43% EARNINGS PRESENTATION CAUTION REGARDING FINANCIAL AND OPERATING PROJECTIONS All financial and operating projections, forecasts or estimates about or relating to the Company included in this document, including statements regarding pro-forma valuation and ownership, have been prepared based on various estimates, assumptions and hypothetical scenarios. Forecasts and projections of financial performance, valuation and operating res ...

Fourth Quarter and Full Year 2023 Results EARNINGS PRESENTATION Legal Disclaimer IMPORTANT NOTICES FPAUM reflects the assets from which we earn management and advisory fees. Our vehicles typically earn management and advisory fees based on committed capital, and in certain cases, net invested capital, depending on the fee terms. Management and advisory fees based on committed capital are not affected by market appreciation or depreciation. USE OF NON-GAAP FINANCIAL MEASURES BY P10, INC. The inclusion of ref ...

Dekdoyjaidee P10 (NYSE:PX) shares have meaningfully underperformed the broader market over the past year, falling 18% while the Russell 2000 small cap index (IWM) has increased 11%. Weakness in the stock is attributable to: Slowdown in organic growth in assets under management (sub 10% in 2023 versus 16% CAGR since 2018 as shown below) as investor appetite for new private equity offerings in 2023 was below what we've seen over the past 5 years. Some of this is due to the denominator effect - throughout much ...

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 September 30, 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- ...

| --- | --- | --- | --- | --- | --- | |----------|---------|------------------------------------------------------------------------|----------------|---------|----------| | Fund | Vintage | Fund Size ($M) | Called Capital | Net IRR | Net ROIC | | | | NAV Lending Funds (Fund size as of 9/30/23, performance as of 6/30/23) | | | | | Fund I | 2013 | $106 | 119% | 11.0% | 1.3x | | Fund II | 2017 | $202 | 75% | 11.3% | 1.5x | | Fund III | 2021 | $400 | 77% | 12.2% | 1.1x | | Fund IV | 2022 | $336 | 11% | - | - | ...

P10, Inc. (NYSE:PX) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Mark Hood – Executive Vice President-Operations and Investor Relations Robert Alpert – Executive Chairman Clark Webb – Executive Vice Chairman Luke Sarsfield – Chief Executive Officer Fritz Souder – Chief Operating Officer Amanda Coussens – Chief Financial Officer Conference Call Participants Kenneth Worthington – JPMorgan Mike Brown – KBW Ben Budish – Barclays Michael Cyprys – Morgan Stanley John Campbell ...