P10, Inc. (NYSE:PX) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET
Company Participants
Mark Hood - Executive Vice President of Operations & Investor Relations
Luke Sarsfield - Chief Executive Officer
Amanda Coussens - Chief Financial Officer
Conference Call Participants
Alex Bernstein - JPMorgan
Benjamin Budish - Barclays
Adam Beatty - UBS
Stephanie Ma - Morgan Stanley
Operator
Hello and welcome to the P10 First Quarter 2024 Conference Call. My name is Latif [ph] and I will be coordinating your call today. At this time, all participants are in listen-only mode. After the speaker presentation, there will be a question-and-answer session. As a reminder, today's conference is being recorded.
I will now hand the call over to your host, Mark Hood, EVP of Operations and Chief Administrative Officer. Mark, please go ahead.
Mark Hood
Good afternoon and welcome to the P10 first quarter 2024 conference call. Today, we will be joined by Luke Sarsfield, Chief Executive Officer; and Amanda Coussens, EVP, Chief Financial Officer and Chief Compliance Officer. Additionally, in the room with us today is Arjay Jensen, EVP, Head of Strategy and M&A.
Before we begin, I'd like to remind everyone that this conference call as well as the presentation slides may constitute forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current plans, estimates and expectations and are inherently uncertain. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks and uncertainties that are described in greater detail in our earnings release and in our periodic reports filed from time to time with the SEC. The forward-looking statements included are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statements as a result of new information or future events, except as otherwise required by law. During the call, we will also discuss certain non-GAAP measures which we believe can be useful in evaluating the company's performance. A reconciliation of these measures to the most directly comparable GAAP measure is available in our earnings release and our filings with the SEC.
I will now turn the call over to Luke.
Luke Sarsfield
Thank you, Mark. Good afternoon, everyone and thank you for joining us today. During the first quarter of 2024, P10 generated strong financial results and importantly, advance the strategic initiatives we laid out on our last call in late February. Our strategies continue to perform well, generating strong and consistent returns for our LPs and we raised nearly $670 million in gross new fee-paying AUM in this quarter alone. With Q1 marking my first full quarter as CEO, I can say with conviction that we are building a world-class platform that provides clients with unrivaled access to opportunities across the lower and core middle markets. On our call today, I'm going to provide an overview of our first quarter financial results, offer some perspectives on the market environment and discuss the operational progress we've made this year.