Replies to post #7630 on P10 Industries Inc. (PX)

[chemist72]

Good work paideia. This is an update to this Fund (Form D/A).

This Fund (RCP Fund XIII) was first filed (Form D) on 7/12/18. This update shows an increase of about $63.4M in the amount sold. And that's in a period of just under one month!

[value1008]

That's the Cayman Feeder Fund, which allows non-USA investors to invest in RCP's new "flagship fund" RCP Fund XIII. And yes, it's up nicely (as Chemist noted) in just about a month since it first opened in late June.

I really do think that RCP is on track to raise their AUM by at least about $750M in 2018, and to likely keep doing so each year going forward.

Which means that PIOE on those AUM mgmt fees will just continue to get more and more profitable over time, since expenses should be fairly stable (and ostensibly lower than the past two qtrs) and debt-payment/interest will go down over time....