P10 to acquire Qualitas Funds for $63M initial; adds ~$1B FPAUM, 1,300+ LPs

Ridgepost Capital, Inc.

Initial consideration $63M: $42.25M cash + $20.75M P10 stock (1,669,990 shares based on $10.03 VWAP).
Earnout up to $35M based on net revenue from new Qualitas funds raised through Dec 2027; up to 65% cash.
Qualitas Funds adds ~$1B in fee-paying AUM from European lower-middle market; serves 1,300+ LPs across UHNW/family office/institutional channels.
Managing partners Halverson and Garcia to remain; transaction expected to close Q1 2025 subject to Spanish regulatory approval.
Deal expected to be modestly accretive to fully-taxed ANI per share in 2025; cash consideration from cash on hand and new debt facility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.