US Market News
4月前
Stellus Capital Management to Become Part of Alternative Asset Manager P10February 5, 2026 7:32 AM
PR Newswire (US)
Transaction to provide complementary resources, expertise, and relationships to enhance Stellus' existing platformStellus investment processes, strategy, and operations to remain unchangedHOUSTON, Feb. 5, 2026 /PRNewswire/ -- Stellus Capital Management ("Stellus" or the "Company), a U.S. direct lender with $3.8 billion of AUM specializing in senior secured loans in the lower-middle market, announced that it has entered into a definitive agreement to be acquired by P10, Inc. (NYSE: PX) ("P10"), a leading private markets solutions provider that similarly serves the lower-middle market. Stellus will continue to be managed by its current partners who will retain control of its day-to-day operations, including investment decisions and investment committee processes.
P10, which has more than $40 billion in assets under management, operates a multi-strategy platform focused on the middle and lower-middle market. Stellus views P10 as the optimal strategic partner based on its operating model and complementary expertise and relationships. P10's sponsor network is expected to broaden access to direct lending opportunities for the Stellus' clients, while preserving the firm's core investing philosophy and approach.Robert Ladd, Managing Partner of Stellus, noted, "Luke Sarsfield and the P10 team have established a highly scaled and diversified private markets platform with a clear focus on the middle and lower-middle market, and we see strong alignment in our respective approaches. This transaction will enhance our ability to develop additional strategies and investment vehicles that meet the evolving needs of global investors seeking access to opportunities in our markets and those of sponsors and borrowers seeking a reliable, thoughtful lending partner. We look forward to working closely with the P10 team to support disciplined growth and long-term value creation for our clients.""This acquisition is a continuation of P10's long-term strategy to partner with leading specialized investment managers operating in the middle and lower-middle market and adds a best-in-class direct lending franchise to our platform," said Luke Sarsfield, P10 Chairman and Chief Executive Officer. "Rob and his team have built a firm with a strong history of growth, proven track record of vehicle launches and robust credit and investment performance across economic cycles. Further, Stellus' sponsor borrower base is a natural fit within P10's middle and lower-middle market GP sponsor ecosystem, creating the potential for new opportunities across the firm. With our shared philosophy of investment excellence, client outcomes, and long-term value creation, we look forward to Stellus joining our leading alternatives platform."The transaction is expected to close in mid-2026, subject to BDC shareholder approvals and other customary closing conditions.Goldman, Sachs & Co. is acting as exclusive financial advisor and Eversheds Sutherland (US) LLP and Winston & Strawn LLP are serving as legal advisors to Stellus.Kirkland & Ellis LLP and Troutman Pepper Locke are serving as legal advisors to P10.About Stellus Capital Management
Stellus Capital Management is a leading direct lender specializing in senior secured loans in the lower-middle market. With a track record spanning over 20 years, the Stellus team has invested over $10.3 billion in 375+ portfolio companies and has approximately $3.8 billion in assets under management, including $2.6 billion in fee-paying assets under management. Stellus is headquartered in Houston, TX with offices in Charlotte, NC and the Washington, D.C. area. Visit www.stelluscapital.com.About P10
P10 (NYSE: PX) is a leading private markets solutions provider with over $40 billion in assets under management as of September 30, 2025. P10 invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies, with a focus on the middle and lower-middle market. P10's products have a global investor base and aim to deliver compelling risk-adjusted returns. For additional information, please visit www.p10alts.com.Stellus Investor Contact:
Todd Huskinson
thuskinson@stelluscapital.comStellus Media Contact:
Pro-Stellus@prosek.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/stellus-capital-management-to-become-part-of-alternative-asset-manager-p10-302680168.htmlSOURCE Stellus Capital Management
Original: Stellus Capital Management to Become Part of Alternative Asset Manager P10
Slojab
3年前
Second Quarter 2023 Financial Highlights:
Fee Paying Assets Under Management: $22.2 billion, a 20% increase year over year.
Revenue: $62.5 million, a 34% increase year over year.
GAAP Net Income: $2.1 million, an 81% decrease year over year.
Adjusted EBITDA: $34.8 million, a 35% increase year over year.
Adjusted Net Income: $26.7 million, a 15% increase year over year.
Fully diluted GAAP EPS: $.02, a 78% decrease year over year.
Fully diluted ANI per share: $.22, a 16% increase year over year.
Slojab
3年前
P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that it has joined the broad-market Russell 2000® Index. Annual Russell index reconstitution captures the 4000 largest US stocks as of April 28, ranking them by total market capitalization, including the Russell 3000® and Russell Microcap® Indexes. Being included in the Russell 3000® means P10 will also be included in the Russell 2000®
Slojab
3年前
Impressive.
As of March 31, 2023, P10 has a global investor base of more than 3,300 investors across 50 states, 54 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions.
Slojab
3年前
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, announced the final closing of RCP Fund XVII (the “Fund”). The Fund closed on approximately $328 million in aggregate commitments, exceeding its target of $300 million. The Fund has a broad LP base of both new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments.
“We are grateful to our investors for the fundraising success of RCP Fund XVII, which exceeded its target despite an increasingly challenging macroeconomic environment. We will remain specially focused on partnering with the premier lower middle market buyout managers in the United States and Canada as we have for over 20 years,” said Tom Danis, Managing Partner at RCP Advisors.
Slojab
3年前
Enhanced Capital Group Named to Prestigious Impact Assets 50 List
https://www.otcmarkets.com/stock/PX/news/Enhanced-Capital-Group-Named-to-Prestigious-ImpactAssets-50-List?id=348585
Enhanced Capital Group, LLC is a leading impact investing firm with over 20 years of experience investing in Small Business Lending, Impact Real Estate, and Climate Finance.
From inception in 1999 through December 31st, 2021, inclusive of proprietary assets and assets managed by affiliates, Enhanced Capital has raised a total of $4.8 billion. Of the total AUM, impact assets represent $2.6 billion invested in over 700 projects & businesses across 38 states, Washington DC, and Puerto Rico and does not include investments made by non-impact affiliates.
Enhanced Capital is committed to investing in four main impact themes: economic growth & job creation; underserved communities; underrepresented populations; and environmental sustainability. Enhanced Capital represents the impact solution of P10, Inc. (NYSE: PX), a diversified, multi-asset investment platform. Learn more about the firm at www.enhancedcapital.com
Dallas, Texas – November 19, 2020 – An affiliate of P10 Holdings, Inc. (OTC: PIOE, “P10”) has signed a definitive agreement to purchase Enhanced Capital Group, LLC (“Enhanced Capital”), a premier impact investment platform with a two-decade history of generating outstanding socially responsible returns for its stakeholders. Enhanced Capital has deployed in excess of $2 billion into impact credit and impact equity investments since its founding, with a broad product offering which includes small business lending in impact areas and to women and minority-owned businesses, renewable energy, and historic building rehabilitation.
Slojab
3年前
So, what's the bad news?
Fourth Quarter 2022 Financial Highlights:
Fee Paying Assets Under Management: $21.2 billion, a 23% increase year over year.
Revenue: $58.3 million, a 28% increase year over year.
GAAP Net Income: $4.8 million, a 221% increase year over year.
Adjusted EBITDA: $30.8 million, a 17% increase year over year.
Adjusted Net Income: $27.3 million, a 24% increase year over year.
Fully diluted GAAP EPS: $.04, a 104% increase year over year.
Fully diluted ANI per share: $.22, a 22% increase year over year.
Fiscal Year End 2022 Financial Highlights:
Revenue: $198.4 million, a 32% increase year over year.
GAAP Net Income: $29.4 million, a 173% increase year over year.
Adjusted EBITDA: $106.8 million, a 29% increase year over year.
Adjusted Net Income: $97.9 million, a 56% increase year over year.
Fully diluted GAAP EPS: $.24, a 194% increase year over year.
Fully diluted ANI per share: $.80, a 43% increase year over year.
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