Is P10 a Hidden Gem Yet to Be Uncovered?

Photo of author
Written By Joel Gbolade

Introduction to P10’s Market Position

Since its IPO in October 2021, P10 (NYSE: PX) has remained relatively under the radar in the investment community, further impacted by an unrelated scandal that has exacerbated investor uncertainty.

Credit: DepositPhotos

However, the decline in share prices by over 27% in the last six months may have opened a window of significant investment opportunity, especially with the entrance of Luke Sarsfield, a former Goldman Sachs executive, as the newly appointed CEO.

Sarsfield’s leadership is anticipated to spearhead a growth strategy in the fragmented M&A environment of private equity, focusing on the lower and lower-middle markets.

Read More: A Deep Dive into Trinity Capital and Blackstone Secured Lending Fund’s Performance and Outlook

Unique Ownership Structure and Valuation Appeal

A critical aspect often overlooked is that P10 operates as a largely employee-owned enterprise, with over 100 P10 employees holding 54% of company shares, ensuring a strong alignment of interests.

This structure, coupled with an attractive valuation under 10x current year estimates and a share price presenting a potential two-fold increase from current levels, highlights the untapped value P10 offers to investors.

Core Operations and Revenue Generation

P10, an alternative asset manager, thrives by managing a scalable AUM platform targeting the middle and lower-middle markets, with total fee-paying AUM recently reaching $23.3 billion.

The company’s revenue primarily stems from contractual management fees tied to capital committed to their funds, ensuring a stable income stream devoid of the volatility associated with carried interest.

This strategy not only secures a predictable revenue flow but also retains incentives for investment professionals through carried interest, aligning with shareholder interests.

Also Read: Some Analysts are Bullish on DraftKings – Should You Be?

Growth Through Strategic Acquisitions

P10 has expanded its reach through strategic acquisitions, utilizing its stock as currency to secure interests in management fee streams.

This approach has bolstered its employee ownership to 54%, enhancing internal motivation to drive the company’s value. The company’s significant investments in its platforms across various sectors, including private equity and venture capital, highlight its commitment to growth and sector diversification.

Leadership and Strategic Direction

The appointment of Luke Sarsfield and Arjay Jensen, both with extensive backgrounds at Goldman Sachs, marks a pivotal moment for P10.

Their leadership is expected to navigate P10 through a period of expansion and capitalize on the growing interest in private market investing. With their expertise, P10 is well-positioned to harness opportunities in the private credit sector and beyond, contributing to a long-term growth trajectory.

The Private Markets Landscape

The private markets have witnessed substantial growth, with assets under management significantly increasing over the last decade.

This trend, supported by data from McKinsey & Company and PitchBook, underscores the burgeoning interest in private equity, private credit, and venture capital. P10’s diversified revenue streams across these segments position it to benefit from this continued market expansion.

Financial Performance and Projections

Despite external pressures, P10 has maintained stability in its financial performance, with fee-paying AUM growth and strategic investments laying the groundwork for future profitability. he current valuation, juxtaposed with industry peers, reveals a considerable undervaluation, offering an appealing entry point for investors.

A Promising Investment Horizon

P10 represents a compelling investment opportunity, combining a unique employee ownership model, strategic leadership, and a solid foundation in the expanding private markets sector.

Credit: DepositPhotos

With a targeted share price estimate offering significant upside, P10 stands as a testament to the value of strategic positioning and market foresight.

Investors looking for a robust asset manager with long-term growth potential may find P10 an attractive proposition, underscored by its commitment to innovation and strategic expansion in the asset management industry.

Read Next: Strategic Growth and Value Proposition of IDT Corporation in the Evolving Telecommunications Landscape


You should read and understand this disclaimer in its entirety before joining or viewing the website or email/blog list of (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement. While the Publisher does not charge for the SMS service, standard carrier message and data rates may apply. To unsubscribe from receiving promotional text messages to your phone sent via an autodialer, using your phone reply to the sender’s phone number with the word STOP or HELP for help.

The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities, should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at; the Financial Industry Regulatory Authority (the "FINRA") at, and relevant State Securities Administrator website and the OTC Markets website at The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at, as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.

The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because all information relied upon by us in preparing an advertisement about an issuer comes from a public source, it is not reliable, and you should not assume it is accurate or complete.

By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer and privacy policy which can be viewed at the following link: and

By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink.