P10 Joins Russell Indexes
26 Juni 2023 - 2:35PM
P10, Inc. (NYSE: PX), a leading private markets solutions
provider, today announced that it has joined the broad-market
Russell 2000® Index. Annual Russell index reconstitution captures
the 4000 largest US stocks as of April 28, ranking them by total
market capitalization, including the Russell 3000® and Russell
Microcap® Indexes. Being included in the Russell 3000® means P10
will also be included in the Russell 2000®.
Robert Alpert, Chairman and Co-CEO, and Co-CEO Clark
Webb said, “We are honored to be included in the prestigious
Russell indexes. We believe index inclusion is an important
component to reaching a wider investor universe while drawing
attention to our superior business model and financial
performance.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index provider.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® Index as well as the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell indexes primarily by objective,
market-capitalization rankings, and style attributes. For more
information on the Russell 3000® Index and the Russell indexes
reconstitution, go to the “Russell Reconstitution” section on the
FTSE Russell website.
About P10P10 is a leading multi-asset class
private markets solutions provider in the alternative asset
management industry. P10’s mission is to provide its investors
differentiated access to a broad set of investment solutions that
address their diverse investment needs within private markets. As
of March 31, 2023, P10 has a global investor base of more than
3,300 investors across 50 states, 54 countries, and six continents,
which includes some of the world’s largest pension funds,
endowments, foundations, corporate pensions, and financial
institutions. Visit www.p10alts.com.
About FTSE RussellFTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally. FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $20.1 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives. A
core set of universal principles guides FTSE Russell index design
and management: a transparent rules-based methodology is informed
by independent committees of leading market participants. FTSE
Russell is focused on applying the highest industry standards in
index design and governance and embraces the IOSCO Principles. FTSE
Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering. FTSE Russell is wholly owned by London Stock Exchange
Group. For more information, visit www.ftserussell.com.
Forward-Looking Statements
Some of the statements in this release may constitute
“forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform
Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,”
“continue,” “anticipate,” “intend,” “plan” and similar expressions
are intended to identify these forward-looking statements.
Forward-looking statements discuss management’s current
expectations and projections relating to our financial position,
results of operations, plans, objectives, future performance, and
business. The inclusion of any forward-looking information in this
release should not be regarded as a representation that the future
plans, estimates, or expectations contemplated will be achieved.
Forward-looking statements are subject to various risks,
uncertainties, and assumptions. Forward-looking statements reflect
management’s current plans, estimates, and expectations, and are
inherently uncertain. All forward-looking statements are subject to
known and unknown risks, uncertainties, and other important factors
that may cause actual results to be materially different, including
risks relating to: global and domestic market and business
conditions; successful execution of business and growth strategies
and regulatory factors relevant to our business; changes in our tax
status; our ability to maintain our fee structure; our ability to
attract and retain key employees; our ability to manage our
obligations under our debt agreements; as well as assumptions
relating to our operations, financial results, financial condition,
business prospects, growth strategy; and our ability to manage the
effects of events outside of our control. The foregoing list of
factors is not exhaustive. For more information regarding these
risks and uncertainties as well as additional risks that we face,
you should refer to the “Risk Factors” included in our annual
report on Form 10-K for the year ended December 31,
2022, filed with the U.S. Securities and Exchange Commission
(“SEC”) on March 27, 2023, and in our subsequent reports filed from
time to time with the SEC. The forward-looking statements included
in this release are made only as of the date hereof. We undertake
no obligation to update or revise any forward-looking statement as
a result of new information or future events, except as otherwise
required by law.
Ownership LimitationsP10’s Certificate of
Incorporation contains certain provisions for the protection of tax
benefits relating to P10’s net operating losses. Such provisions
generally void transfers of shares that would result in the
creation of a new 4.99% shareholder or result in an existing 4.99%
shareholder acquiring additional shares of P10.
P10 Press and Investor
Contact:info@p10alts.com
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