Record Organic Growth in Fee-Paying AUM
P10 raised and deployed $1.9 billion in organic gross new fee-paying AUM, marking the second consecutive quarter of record organic growth. Additionally, AUM increased by $3 billion in the quarter, including $1 billion from the Qualitas Funds transaction.
Significant Increase in Total Fee-Paying Assets Under Management
P10 ended the second quarter with $28.9 billion in total fee-paying assets under management, a 21% increase year-over-year.
Successful Fundraising and New Product Launches
RCP's Secondary Fund V raised nearly $1 billion, and TrueBridge launched its Secondaries Fund II. A new evergreen fund was launched by Enhanced Capital with initial assets over $100 million.
Strong Performance in Private Credit
The credit business contributed $568 million to fee-paying AUM, with significant growth in NAV lending through Hark Capital.
Share Buyback Program
P10 repurchased 2.5 million shares at an average price of $10.49, with an additional $25 million authorized for future repurchases.