P10 Stock Soars 38.97% on Qualitas Acquisition

On April 8, 2025, P10's stock surged by 38.97% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

P10, Inc. has successfully completed the acquisition of Qualitas Equity Funds SGEIC, S.A., a Madrid-based private equity investing platform. This strategic move is expected to significantly expand P10's global presence, particularly in the European market. Qualitas Funds, with approximately $1 billion in fee-paying assets under management, provides fund-of-funds, direct co-investing, and NAV financing opportunities in the European lower-middle market. The acquisition is valued at an initial purchase price of $63 million, with potential for additional earnout consideration.

The integration of Qualitas Funds into P10's platform is anticipated to enhance P10's ability to offer a broader range of investment solutions to its global client base. The acquisition aligns with P10's mission to provide differentiated access to private markets, catering to the diverse investment needs of its investors. This move is seen as a strategic step towards unlocking access-constrained investment opportunities in the middle and lower-middle markets.

P10's Chairman and Chief Executive Officer, Luke Sarsfield, expressed enthusiasm about the acquisition, highlighting the strong performance track record of Qualitas Funds and the complementary nature of their platforms. The co-founders and co-managing partners of Qualitas Funds, Eric Halverson and Sergio Garcia, also welcomed the integration, noting the potential for accelerated growth and the launch of additional strategies and vehicles.