Ridgepost Capital, Inc.

Hello and welcome to the P10 first quarter 2023 conference call. My name is Matt and I will be coordinating your call today. If you would like to ask a question, please dial star one on your telephone keypad. I will now hand you over to your host, Mark Hood, EVP of Operations and Investor Relations. Mark, please go ahead.

Good afternoon and welcome to the P10 first quarter 2023 conference call. This is Mark Hood, EVP of Operations and Investor Relations. Today we will be joined by Robert Alpert, Chairman and Co-CEO, Clark Webb, Co-CEO, Fritz Sauter, Chief Operating Officer, and Amanda Cousins, Chief Financial Officer. 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 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. 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 or other factors that are described in greater detail under risk factors in our annual report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 27, 2023, and in our subsequent 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. I will now turn the call over to Robert.

ROBERT ROBERTSON Good afternoon, and thank you for joining the call. I'm pleased to report that P-10 delivered another excellent quarter of financial performance, meeting or exceeding all our key metrics. We are particularly proud that we were able to raise and deploy over $900 million of fee-paying AUM in the first quarter. The macroeconomic backdrop continues to be challenging. Nonetheless, we delivered double-digit growth in revenue, adjusted EBITDA, and adjusted net income. Since going public in October of 2021, we've proven the value of our model by demonstrating a differentiated business characterized by durability, resiliency, and predictability. Because P10 has a diverse set of strategies, we have multiple tools to achieve our organic growth plans. Shortly after our IPO, we gave guidance that we expected to raise $5 billion in fee-paying AUM over the course of 2022 and 2023. With this quarter's performance, we have raised over $4.3 billion, with three quarters remaining to achieve our target. Last quarter, we laid out our objectives for 2023 that included double-digit revenue, adjusted EBITDA, and adjusted net income growth. We remain confident in our ability to skillfully navigate difficult market conditions while delivering on our objectives. Later in the call, Clark will discuss steps we are taking to strengthen our executive team as we continue to grow. Although we like to highlight our organic growth, we continue to evaluate M&A opportunities in new and existing strategies domestically as well as internationally. We don't feel any pressure to do a deal, but instead want to ensure we find the right partner. As Clark likes to say, these are marriages. In the first quarter, we repurchased 100,000 shares and retained $18.9 million under our buyback program announced in December of 2022. We continue to believe our stock is undervalued and we will be opportunistic with repurchases to take advantage of market dislocations. Finally, our board of directors approved a one penny per share or 8% increase in our annual dividend from 12 cents a share to 13 cents a share. Our stable and growing business model gives us great comfort in increasing our dividend without the concern of limiting capital flexibility to continue to reinvest in our business and achieve our goals. With that, I will now hand the call over to Fritz to share some thoughts on the fundraising and deployment environment. I'm proud of our results and appreciate the hard work of our team. Fritz?