Replies to post #5270 on P10 Industries Inc. (PX)

[carbonfiltered]

Almost, RCP 1 will still pay management fees to RCP 3..... unless after they close on the deal for RCP 3 they simply liquidate RCP 1. What we do know as a fact is that RCP advisors hold 44 million common shares of PIOE just like we did… And what’s good for the goose is good for the gander. I am hanging on tight for the long-haul, this simple lotto play transaction might make me a very very wealthy man!!

[chemist72]

RCP 1 ownership was recently transferred to CLIA:

From Form ADV filed in Feb. 2017:

RCP 1 is wholly owned by CLIA Management, LLC (“CLIA”). Following an ownership restructuring in December 2016, whereby RCP 2 redeemed its passive minority owner CLIA ....

Further down the document the following info is give:

For RCP Funds formed prior to 2011, RCP 1 serves as the investment manager and RCP 3 serves as the sub-adviser. For RCP Funds formed between 2011 through 2015, RCP 2 serves as the investment manager and RCP 3 serves as the sub-adviser. For RCP Funds formed after 2015, RCP 3 serves as the investment manager.

So it seems, RCP 2 and RCP 3 contains all their newer funds and probably has the vast majority of their assets. At least that's how I read it. We already know that RCP 2 has ~$3B in AUM. They are probably just putting on the "finishing touches" on the acquisition agreement for RCP 3.