DALLAS, Oct. 9, 2024 (Globe Newswire) — P10, Inc. (NYSE: PX), a leading private market solutions provider, today announced that its subsidiary RCP Advisors (RCP) will be named to the 2023 PitchBook. announced that it has been approved. Global Manager Performance Score League Tables are annual rankings of asset management funds that help LPs make decisions. RCP’s secondary fund family (RCP SOF I-IV) ranked in the top 10 for secondary programs, and its co-investment program (RCPDirect I-IV) achieved the highest performance score in the co-investment category.
“This recognition is a testament to the deep expertise and dedication of the RCP team,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “RCP has a focused approach to the small acquisition market and is well-positioned to continue to deliver strong results.”
RCP Advisors focuses on small-cap buyout fund managers in North America, specializing in private equity primary funds, secondary funds, and co-investment fund strategies. PitchBook’s strong ranking highlights the company’s consistent approach to providing investors with access to the attractive small buyout space.
“Our best-performing strategies are the result of a firm-wide commitment to the North American small buyout market,” said John Madorsky, managing partner and co-portfolio manager of secondary funds at RCP. “Our laser focus gives us unique deal flows and diligent opportunities. We are extremely proud of what we have achieved together at RCP.”
Dave McCoy, Managing Partner and Co-Investment Co-Portfolio Manager at RCP, added: “We are honored that our RCPDirect co-investment program has been recognized by PitchBook with the highest performance score. Our team has worked hard to achieve these results, and GPs and their portfolio management teams We would like to further thank them, without whom our high quality deal flow and operational performance would not have been possible.”
For more information about RCP, please visit https://www.rcpadvisors.com/.
About P10
P10 is a leading multi-asset class private market solutions provider in the alternative asset management industry. P10’s mission is to provide investors with differentiated access to a broad range of investment solutions that address diverse investment needs in the private markets. As of June 30, 2024, P10 has a global investor base of more than 3,700 across 50 states, 60 countries and six continents, including some of the world’s largest pension funds, endowments and Includes foundations, corporate pension plans, and financial institutions. Visit www.p10alts.com.
About RCP
Founded in 2001, RCP Advisors is a subsidiary of P10, Inc. (NYSE: PX), a private equity investment firm providing access to small buyout fund managers in North America through primary, secondary and co-investment funds. is. We also provide customized solutions and research services. RCP believes it is one of the largest fund sponsors focused on this niche, with over $14.7 billion in committed capital* and 56 full-time professionals as of September 30, 2024. Masu.
Past performance does not guarantee future results. There can be no assurance that the Fund will achieve results comparable to previous investments or RCP’s previous investment funds. Source: Pitchbook. PitchBook Manager Performance Scores (“Performance Scores”) are third-party ratings published by PitchBook, an independent third party, on September 20, 2024 (data as of latest date). PitchBook Global Manager Performance Score League Table (“League Table”) is a third-party rating published by PitchBook on July 30, 2024 (data as of December 31, 2023). Performance Score is a quantitative framework designed to evaluate the performance of closed-end private market strategies of fund managers, also known as fund families. Performance scores aggregate the past performance of each manager’s fund family over vintage years and reflect the extent to which a particular fund family outperformed or underperformed its benchmark. The benchmark is based on IRR across all fund vintages within the same fund strategy peer group, e.g. -Funds, secondaries, co-investments, etc.). For the “Co-investment – General” fund strategy, a total of 768 fund families across 1,479 funds were included in the evaluation. For the “Secondary Fund” fund strategy, a total of 60 fund families across 209 funds were included in the evaluation. To participate in the ranking, PitchBook required fund families to hold at least two funds with eligible Z-scores that were at least five years old. The comparisons PitchBook makes are intended to fund sponsors with investment strategies, structures, and investment terms that differ (sometimes significantly) from RCPs. Additional information about the criteria and methodology underlying performance scores can be found here.
Neither P10 nor RCP has made any payments to PitchBook or its affiliates for inclusion in this ranking or in connection with any other services. Performance scores should not be considered an endorsement of RCP or its Funds by the creator or distributor of such rankings. Performance scores are exclusive and proprietary to PitchBook. Neither P10 nor RCP has independently verified the data used in PitchBook’s performance scores and makes no representations as to the accuracy or completeness of such information or performance scores. This ranking should not be construed as an indication of the future performance of RCP or of any investment vehicle managed by RCP. Performance scores should not be relied upon when deciding to invest in a Fund. *“Committed Capital” primarily reflects capital commitments related to RCP’s SMAs, concentrated commingled funds, and advisory accounts advised by RCP since its inception in 2001 (including funds subsequently sold, disbanded, downsized and RCP’s advisory agreements have been terminated (including certain past advisory accounts). We include capital commitments in our calculation of committed capital if: (a) we have complete discretion over investment decisions or have responsibility or control of the assets in the account; or (b) we This is where the person does not have full discretion to make investment decisions, but plays a certain role. They advise clients on asset allocation, perform due diligence on investment managers, recommend investments in clients’ portfolios, and monitor and report on investments. For any of our SMAs and commingled funds, as well as our non-discretionary advisory accounts where the RCP is responsible for advising on all investments within a client’s portfolio, committed capital is based on the total committed capital into such accounts. is calculated. For non-discretionary accounts in which the RCP is responsible for advising only a portion of the client’s portfolio investments, the committed capital is the amount of committed capital made based on the RCP’s recommendations or by the client for the underlying investments that the RCP advises the client. Calculated as a capital commitment. . Committed Capital includes (i) certain historical non-discretionary advisory accounts that are no longer advised by RCP; (ii) assets managed or advised by RCP 2’s Private Capital Unit or HB Unit; and (iii) assets managed or advised by RCP 2’s Private Capital Unit or HB Unit. capital commitments to funds that are owned or sponsored by an affiliated (but independently operated) management company of RCP; and (iv) ancillary products or services of RCP.
Forward-looking statements
Certain statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. there is. Words such as “anticipates,” “expects,” “believes,” “estimates,” “continues,” “anticipates,” “intends,” “plans” and similar expressions refer to forward-looking statements. The purpose is to identify the description. Forward-looking statements discuss management’s current expectations and projections regarding our financial condition, results of operations, plans, objectives, future performance and business. The forward-looking information contained in this release should not be considered a representation that any contemplated future plans, estimates or expectations will be achieved. Forward-looking statements reflect management’s current plans, estimates and expectations and are inherently uncertain. All forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors that may cause actual results to differ materially. global and domestic market and business conditions; the successful execution of our business and growth strategies and regulatory factors related to our operations; Change in tax status. ability to maintain fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; our ability to make acquisitions and successfully integrate acquired businesses; assumptions regarding our business, financial results, financial condition, business prospects and growth strategy; and the ability to manage the effects of events beyond our control. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties and the additional risks we face, please refer to the “Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with U.S. Securities and Exchange Commission. ”. The Company’s reports filed with the Exchange Commission (the “SEC”) on March 13, 2024 and filed from time to time with the SEC thereafter. The forward-looking statements contained in this release are made only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except as otherwise required by law.
Ownership restrictions
P10’s certificate of incorporation contains certain provisions regarding the protection of tax benefits related to P10’s net operating losses. These provisions generally invalidate share transfers that result in the creation of a new 4.99% shareholder or the acquisition of an additional P10 share by an existing 4.99% shareholder, and expire in October 2024, the third anniversary of the IPO.
P10 Investor contact information:
info@p10alts.com
P10 Media Contact:
taylor donahue
pro-p10@prosek.com
