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chemist72

08/07/18 2:13 PM

#7604 RE: value1008 #7603

Off the top of my head, I would say that acquisitions by RCP would be a wonderful way to increase PIOE revenues.

They would have to be all cash deals though, unless, perhaps RCP were to include some of THEIR PIOE shares in the deal. What a beautiful way to increase RCP's footprint in the PE sector by using an asset (PIOE shares), which they paid nothing for in cash (and if fact, got seller notes as part of the deal)!!

I'm sure Webb & Alpert would also appreciate an increase in the value of their 21+M shares of PIOE.

Thank you for your thoughts value1008.

stockvestor99

08/08/18 10:05 AM

#7612 RE: value1008 #7603

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?

My understanding of the structure of the entities is: RCP Advisor is a wholly owned subsidiary of P10 Holdings. 2 & 3 are investment funds managed by RCP. RCP does not own the funds(if so a very small percentage). 2 & 3 are owned by the investors in those funds. Accredited investors. If 2 & 3 buy an outside management company or additional funds, 2 & 3 would own them, those the accredited outside investors would own the management fees.

When investments inside the RCP funds (2 & 3) are sold or liquidated, they are returned to the outside investors. That is not P10 Holdings money. Otherwise it would be consolidated in the financial statements.