P10 Inc. Class A Common Stock

P10 Inc. Class A Common Stock Earnings Recaps

PX Financials 1 recap
Q3 2025 Nov 7, 2025

P10 delivered strong third-quarter results, raising $915 million in gross fee-paying assets under management, driving total AUM to $29.1 billion, a year-over-year increase of 17%. The company exceeded its fundraising guidance for 2025, raising its target to nearly $5 billion.

Key takeaways
  • Third quarter marked the successful raise and deployment of $915 million in new fee-paying AUM, showcasing robust capital commitments.
  • Year-to-date fee-related revenue increased by 5%, excluding catch-up fees, reflecting ongoing demand for P10's investment strategies.
  • Launch of four new funds and strong performance of Secondary Fund V, closing at $1.26 billion, highlights continued growth in P10's commingled fund business.
  • The company is well-positioned to capture opportunities in the middle and lower-middle markets, driven by secular demand trends.
  • P10 announced a dual listing on NYSE Texas, enhancing its engagement with the investment community.
Full recap