RPC · P10, Inc.

Ridgepost Capital reported robust Q1 2026 results, with fee-paying assets under management (FPAUM) reaching a record $31.0 billion, up 18% year-over-year, surpassing $30 billion for the first time. This growth was fueled by nearly $2 billion in gross capital raised and deployed across Private Equity Solutions ($872M), Private Credit Solutions ($108M), and Venture Capital Solutions ($1.0B), offset by $413M in stepdowns and expirations. CEO Luke Sarsfield highlighted record fundraising levels and progress on the Investor Day vision, emphasizing the platform's focus on middle and lower-middle markets with a diverse LP base. Financially, non-GAAP Fee-Related Revenue grew 11% YoY to $74.9M, supporting Fee-Related Earnings of $32.9M (up 7% YoY) at a 44% margin. Adjusted Net Income rose 9% to $25.5M, with fully diluted ANI per share at $0.22 versus $0.20 in Q1 2025. Balance sheet remains solid with $29M cash, $362M debt post-quarter paydowns, and $130M credit availability. Capital returns include a $0.04/share dividend and $6M in repurchases (701,439 shares at $8.55 avg), with $15M authorized remaining. Recent developments feature the Stellus Capital acquisition (expected mid-2026, adding $3.8B AUM) and name change to Ridgepost Capital (NYSE: RPC). A conference call on May 7 disclosed material forward-looking information.