Tuesday, August 07, 2018 1:56:51 PM
"Our efforts to expand our offerings continue. We are in discussions with other managers to acquire either the whole or part of their management companies. We obviously cannot guarantee consummating transactions; however, we believe our unique structure and operating paradigm makes P10/RCP an ideal partner"
I know Stockvestor wondered how any acquisitions could be made by PIOE since they don't have the cash right now or for a while to make acquisitions.
BUT RCP ADVISORS DOES HAVE THE CASH.
When Alpert & Webb's PIOE shareholders letter uses pronouns "our" and "we" and then uses the phrase P10/RCP to identify themselves, obviously the acquiring power is in RCP's hands, not PIOE's.
What now gets VERY INTERESTING, imo, is that we know from our past research on this board (DC, Chemist, moi) that RCP Advisors has a lot of their own funds invested in the different RCP Funds, and when the older funds terminate (run their course) and principal and profits are converted into CASH.
So i think RCP Advisors is sitting on a ton of cash to do things like make further investments in whatever new RCP Funds they launch.
But they also could use some of their cash holdings to ACQUIRE OTHER ENTITIES, such as they did with that software co. that created the fee-generating private equity analysis program.
So-- and here's where it gets possibly relevant for PIOE shareholders-- if RCP Advisors (2 & 3) acquires another private equity investment mgmt firm, it surely acquires the rights to whatever MANAGEMENT FEES that firm has incoming each quarter/year, right?
Those mgmt fees, upon any acquisition by RCP of such a firm, would surely be part of PIOE's revenue stream, correct?-- since we've been clearly informed in the 3/31 shareholder letter that PIOE will have the rights to the mgmt fees that RCP Advisors (2&3) gets.
I see this as a possible way that PIOE revenues could have a significant jump even beyond RCP's organically growing AUM through all of its own RCP Funds that it launches.
I'm only conjecturing here, but it's obviously not far-fetched. Again, look at that sentence in the above cited quote from the most recent PIOE letter of 7/31:
We are in discussions with other managers to acquire either the whole or part of their management companies.
Management companies' primary revenue is management FEES. PIOE owns the mgmt fee revenue stream from RCP Advisors.
Recent PX News
- P10 Hosts Investor Day • GlobeNewswire Inc. • 09/19/2024 11:30:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 11:03:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 12:06:36 PM
- P10 Announces Agreement to Acquire Qualitas Funds, a Leading European Lower-Middle Market Alternative Investment Solutions Provider • GlobeNewswire Inc. • 09/17/2024 12:00:48 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/09/2024 12:02:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 12:00:17 PM
- P10 Reports Second Quarter 2024 Earnings Results • GlobeNewswire Inc. • 08/08/2024 08:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 12:33:02 PM
- P10 Expands Credit Agreement to $500 Million • GlobeNewswire Inc. • 08/05/2024 12:30:23 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/02/2024 04:15:14 AM
- P10 Names Sarita Narson Jairath as EVP and Global Head of Client Solutions • GlobeNewswire Inc. • 07/31/2024 08:15:50 PM
- P10 to Host Investor Day on September 19, 2024 • GlobeNewswire Inc. • 07/23/2024 08:15:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 07/19/2024 08:16:43 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:10:55 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:05:26 PM
- P10 Schedules Second Quarter 2024 Earnings Release for Thursday, August 8, 2024 • GlobeNewswire Inc. • 07/18/2024 12:30:33 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/12/2024 09:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 10:37:57 PM
- Hark Capital Closes on $645 Million in Capital Commitments for Fund IV • GlobeNewswire Inc. • 07/09/2024 12:30:00 PM
- RCP Advisors Announces Launch of New Website and Brand • GlobeNewswire Inc. • 07/01/2024 12:30:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:49:58 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:48:40 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:45:20 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM