---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-038508"
form_type: "8-K"
ticker: "RPC"
cik: "0001841968"
company_name: "Ridgepost Capital, Inc."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:32:51.457261+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# P10 acquires Stellus Capital Management for $250M, expanding into lower-middle market direct lending

## Summary
- Initial consideration $250M ($125M cash + $125M units); up to $60M earnout based on 2027/2029 FRR.
- Stellus adds ~$3.8B AUM ($2.6B fee-paying); >70% FRR from permanent capital vehicles.
- Stellus senior team invested $10.3B across 375+ companies over 20+ years; annualized loss rate ~0.14%.
- Transaction expected to close mid-2026; modestly accretive to ANI per share and FRE margin in first full year.

## SEC filing metadata
- accession: 0001193125-26-038508
- form_type: 8-K
- ticker: RPC
- cik: 0001841968
- company_name: Ridgepost Capital, Inc.
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841968/000119312526038508/0001193125-26-038508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841968/000119312526038508/px-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-038508
- JSON: https://secwatch.observer/filing/0001193125-26-038508.json
- Plain text: https://secwatch.observer/filing/0001193125-26-038508.txt

## Key facts
- Material Agreements
  Ridgepost Capital, Inc. entered into Purchase Agreement with certain entities affiliated with Stellus Capital Management, LLC and certain direct and indirect equityholders of Stellus valued at $125,000,000 in cash and 11,770,245 membership units (effective 2026-02-04).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: certain entities affiliated with Stellus Capital Management, LLC and certain direct and indirect equityholders of Stellus
  - Value: $125,000,000 in cash and 11,770,245 membership units
  - Effective: 2026-02-04
  source text: On February 4, 2026, P10 Intermediate Holdings LLC, a Delaware limited liability company (“Purchaser”) and a subsidiary of P10, Inc., a Delaware corporation (the “Company”), entered into an interest purchase agreement (the “Purchase Agreement”) with certain entities (together, the “Sellers”) affiliated with Stellus Capital Management, LLC, a Delaware limited liability company (“Stellus”), and certain direct and indirect equityholders of Stellus, pursuant to which, subject to the satisfaction or waiver of specified conditions, Purchaser would acquire all of the issued and outstanding equity interests of Stellus (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841968/000119312526038508/0001193125-26-038508-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.