P10 Holdings reported record organic growth in fee-paying AUM, raising and deploying $1.9 billion. Total AUM increased to $28.9 billion, a 21% YoY increase. Successful fundraising and new product launches were also highlighted, with RCP's Secondary Fund V raising nearly $1 billion. However, the company reported decreased GAAP net income and adjusted net income due to increased interest expenses from recent acquisitions. Despite challenges, P10 is optimistic about future growth driven by new product launches and strategic acquisitions.
P10 Holdings, a leading private markets solutions provider, reported significant financial growth for the second quarter of 2025. The company achieved record organic fundraising and deployment of $1.9 billion, contributing to a 21% year-over-year (YoY) increase in fee-paying assets under management (AUM), bringing the total to $28.9 billion [1].
P10's strong performance was driven by robust fundraising activities and strategic acquisitions. The company's recent acquisition of Qualitas Funds added $1 billion to its fee-paying AUM. Additionally, RCP's Secondary Fund V raised nearly $1 billion, further bolstering the company's asset base [1].
Despite the impressive growth in AUM, P10 reported a 43% decline in GAAP net income to $4.2 million compared to the previous year. This decrease was primarily attributed to increased interest expenses from recent acquisitions. Adjusted net income also declined by 7% to $26.7 million, reflecting potential challenges in sustaining earnings growth [1].
The company's Board of Directors authorized a $25 million share repurchase program and declared a quarterly cash dividend of $0.0375 per share, payable on September 19, 2025. These actions signal confidence in the company's financial position and future growth strategies [1].
Looking ahead, P10 is optimistic about its growth prospects, driven by new product launches and strategic acquisitions. The company's focus on the middle and lower-middle market, where it sees long-term structural advantages, is expected to continue driving demand for its leading access-constrained solutions [1].
References:
[1] https://www.quiverquant.com/news/P10,+Inc.+Reports+Record+$1.9+Billion+in+Organic+Fundraising+and+21%25+Increase+in+Fee-Paying+AUM
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