Mission Statement, Vision, & Core Values (2024) of P10, Inc. (PX)

An Overview of P10, Inc. (PX)

General Summary of P10, Inc. (PX)

P10, Inc. (PX) is a prominent investment management firm that specializes in private equity, venture capital, and real asset investment strategies. Founded with the mission to provide superior investment solutions, P10 has grown to manage significant capital across various funds. As of 2024, the company focuses on recurring management and advisory fees, primarily generated from committed capital that is typically under long-term lock-up agreements.

As of September 30, 2024, P10 reported a fee-paying assets under management (FPAUM) of approximately $24.9 billion, reflecting a robust growth trajectory, up from $22.7 billion in the previous year. The company’s revenue streams are primarily derived from management and advisory services, with the latest reports indicating total revenues of $74.2 million for the three months ended September 30, 2024, a significant increase from $58.9 million in the same period of 2023.

Company's Financial Performance in the Latest Financial Reports

P10, Inc. has demonstrated strong financial performance in its latest reporting period. For the nine months ended September 30, 2024, the company achieved total revenues of $211.4 million, an increase of 18% compared to $178.7 million for the same period in 2023. This growth was primarily driven by an increase in management and advisory fees, which rose to $206.2 million, up from $175.1 million year-over-year.

Notably, the company reported a net income of $13.966 million for the nine months ended September 30, 2024, a substantial improvement from a net loss of $5.879 million in the same period of the prior year. The adjusted EBITDA for the same period was $101.6 million, reflecting a 9% increase from $92.9 million.

In terms of liquidity, P10 reported cash and cash equivalents of $63.3 million as of September 30, 2024, a significant increase from $32.1 million at the end of 2023. The company's total assets were valued at $857 million, while total liabilities stood at $462.9 million.

Introduction to P10, Inc. as a Leader in the Industry

P10, Inc. has established itself as a leader in the investment management industry through its strategic focus on private equity and venture capital. The firm has successfully navigated market challenges and capitalized on growth opportunities, positioning itself as a preferred partner for investors seeking robust returns. The company’s ability to generate consistent revenue from management and advisory fees highlights its operational strength and market presence.

P10's commitment to innovation and excellence in investment strategies has garnered a reputation that attracts both investors and talent in the financial sector. With its current trajectory and financial performance, P10 is well-positioned to continue its leadership role in the industry as it seeks to expand its market share and enhance shareholder value.

Mission Statement of P10, Inc. (PX)

Company's Mission Statement Overview

P10, Inc. (PX) articulates its mission statement as a guiding principle that emphasizes its commitment to delivering exceptional investment solutions and fostering financial growth for its clients. The mission statement serves as a foundation for the company's long-term objectives, reflecting its dedication to building value through innovative financial strategies, integrity, and performance excellence.

Core Component 1: Commitment to Clients

The first core component of P10's mission statement focuses on its unwavering commitment to clients. This commitment is reflected in the company's approach to understanding client needs, offering tailored investment solutions, and ensuring client satisfaction. As of September 30, 2024, P10 reported a total revenue of $211.4 million for the nine months, showcasing a significant increase from $178.7 million in the same period of the previous year, indicating a strong client engagement strategy that yields positive financial results.

• Client-Centric Approach: P10 emphasizes a client-centric approach, aiming to build long-term relationships that enhance client loyalty and trust.
• Performance Metrics: The increase in management fees from $202.5 million in 2023 to $211.4 million in 2024 underscores the effectiveness of their client-focused strategies.

Core Component 2: Integrity and Transparency

The second component emphasizes integrity and transparency in all business dealings. P10 is dedicated to maintaining high ethical standards, ensuring that all stakeholders are informed and confident in their investment decisions. The company's financial practices reflect this commitment, as evidenced by its compliance with financial covenants requiring a minimum leverage ratio of less than or equal to 3.50 as of September 30, 2024.

• Ethical Standards: P10’s adherence to stringent ethical guidelines is crucial in fostering trust with clients and investors.
• Transparent Reporting: The company’s commitment to transparent financial reporting is highlighted by its detailed disclosures, including a total asset value of $857.0 million as of September 30, 2024.

Core Component 3: Innovation and Performance Excellence

The third core component revolves around innovation and performance excellence. P10 strives to leverage cutting-edge technology and innovative financial solutions to enhance investment performance. The company's focus on growth is reflected in its significant capital structure, with $325 million in debt obligations as of September 30, 2024, which supports its acquisition and investment strategies.

• Investment in Technology: P10 has committed to investing in technology to improve operational efficiency and client service.
• Performance Improvement: The reported net income attributable to P10 for the nine months ended September 30, 2024, stands at $13.4 million, a substantial recovery from a loss of $6.0 million in the previous year.

Vision Statement of P10, Inc. (PX)

Vision Statement Overview

P10, Inc. (PX) aims to be a leading investment management firm focused on providing innovative financial solutions to its clients. The vision statement emphasizes the commitment to excellence and the desire to create long-term value for investors through strategic investments and robust asset management.

Commitment to Innovation

P10's vision includes a strong focus on innovation within the investment landscape. The company recognizes the need for adapting to changing market conditions and leveraging technology to enhance investment strategies. As of 2024, P10 has allocated approximately $15 million towards technology upgrades and developing proprietary investment platforms to better serve its clients.

Client-Centric Approach

The vision statement highlights a client-centric approach, ensuring that client needs are at the forefront of all business decisions. P10 reports a client satisfaction rate of 92% based on recent surveys conducted in 2024. This approach is supported by dedicated account management teams and tailored investment solutions, which are reflected in the company’s management and advisory fees totaling $206.2 million for the nine months ended September 30, 2024.

Long-Term Value Creation

P10, Inc. is committed to long-term value creation for its stakeholders. The firm’s assets under management (AUM) have reached $23.3 billion as of September 30, 2024, showcasing its ability to grow and manage investments effectively. The company’s strategy involves not only managing assets but also actively seeking acquisition opportunities to enhance its portfolio, with a recent acquisition deal valued at $42.3 million.

Focus on Sustainable Growth

The vision statement also emphasizes sustainable growth, aligning investment strategies with environmental, social, and governance (ESG) principles. P10 has pledged to increase its ESG-focused investments to represent 30% of its total AUM by the end of 2025, reflecting a growing commitment to responsible investing.

Table of Key Financial Metrics

Core Values of P10, Inc. (PX)

Integrity

P10, Inc. emphasizes integrity as a core value, ensuring that all dealings are conducted honestly and ethically. This commitment is evident in the company's transparent reporting practices, adhering to regulatory requirements, and maintaining a strong ethical culture.

For instance, during the nine months ended September 30, 2024, P10 reported net income of $13.966 million, reflecting their commitment to ethical financial practices and operational transparency. Additionally, the company has incurred $17.5 million in interest expense for the same period, showcasing financial responsibility and integrity in managing their debt.

Innovation

P10, Inc. prioritizes innovation as a core value, driving the development of new solutions and strategies to meet market demands. The company has expanded its investment strategies to include direct and co-investment funds, which totaled approximately $9.6 billion in assets under management as of September 30, 2024.

Moreover, the company’s revenue from management and advisory fees reached $206.192 million for the nine months ended September 30, 2024, a significant increase from $176.322 million in the previous year, indicating successful innovation in service offerings.

Collaboration

P10, Inc. recognizes collaboration as essential for achieving collective goals. The company actively engages in strategic partnerships, such as its collaboration with Crossroads Impact Corp, which facilitated the origination and management of loans, enhancing community development.

As of September 30, 2024, the company had accrued $16.2 million in contingent liabilities related to revenue share agreements, demonstrating the collaborative efforts with third-party clients to drive mutual success.

Excellence

P10, Inc. is dedicated to excellence in all aspects of its operations, striving for high-quality service and performance. The company’s operational efficiency is highlighted by a 60% increase in net cash provided by operating activities, amounting to $73.258 million for the nine months ended September 30, 2024.

The firm’s ability to maintain a minimum leverage ratio of less than or equal to 3.50, as mandated by its credit facilities, further illustrates its commitment to financial excellence.

Accountability

P10, Inc. emphasizes accountability as a core value, ensuring that all employees are responsible for their actions and decisions. The company has established robust governance frameworks to monitor performance and compliance.

As of September 30, 2024, the total assets of P10, Inc. amounted to $857.033 million, reflecting the company’s commitment to responsible asset management and accountability.

Updated on 16 Nov 2024

Resources:

1. P10, Inc. (PX) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of P10, Inc. (PX)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View P10, Inc. (PX)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.