P10 completes $63M acquisition of Qualitas Funds, expands into European lower-middle market

Ridgepost Capital, Inc.

Initial consideration: $42.25M cash + $20.75M in P10 Class A stock; $4M stock held back for 5-year indemnification.
Earn-out of up to €31.7M based on run-rate net revenue from new funds raised by Dec 31, 2027.
Qualitas Funds is a Madrid-based private equity platform with ~$1B fee-paying AUM and 1,300+ LP clients.
Co-founders Eric Halverson and Sergio Garcia continue with the firm; P10 expands into Europe.

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.