Record Organic Growth in AUM
P10 raised and deployed $1.9 billion in organic gross new fee-paying AUM in Q2, marking the second consecutive quarter of record organic growth, contributing to a $3 billion increase in gross fee-paying AUM.
21% Increase in Fee-Paying AUM
P10 ended the second quarter with $28.9 billion of total fee-paying assets under management, a 21% increase year-over-year.
Successful Fundraising Initiatives
The company achieved over 80% of its annual organic gross fundraising target of $4 billion with half the year remaining.
Strong Performance in Secondary Funds
RCP's Secondary Fund V raised almost $1 billion, and TrueBridge launched its Secondaries Fund II.
New Product Launches and Strategic Initiatives
Enhanced Capital launched its first evergreen fund starting with over $100 million, and Qualitas and RCP teams are working on a new cross-border product.
Share Buyback Program
The company repurchased about 2.5 million shares at an average price of $10.49, with a total of $41 million repurchased for the year.