11/9/2023

speaker
Lateef
Conference Call Operator

Hello and welcome to the P10 third quarter 2023 conference call. My name is Lateef and I will be coordinating your call today. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. To remove yourself from the queue, press star 1 1 again. As a reminder, today's conference call is being recorded. I will now hand you over to your host, Mark Hood, EVP of Operations and Investor Relations. Mark, please go ahead.

speaker
Mark Hood
EVP of Operations and Investor Relations

Good afternoon, and welcome to the P-10 Third Quarter 2023 Conference Call. This is Mark Hood, EVP of Operations and Investor Relations. Today, we will be joined by Luke Sarsfield, Chief Executive Officer, Robert Alpert, Executive Chairman, Clark Webb, Executive Vice Chairman, Fred Souder, 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.

speaker
Robert Alpert
Executive Chairman

Good afternoon, and thank you for joining the call. In the third quarter, PTEN continued to demonstrate the power of our differentiated financial model as we delivered another quarter of strong financial performance. Before we talk about the quarterly results, I want to welcome Luke Sarsfield, PTEN's new CEO, to his first earnings call. As many of you listening to this call know, two weeks ago Clark and I passed Luke the CEO baton, and we could not be more excited about the transition. The decision to transition leadership at this time reflects the strength of our business, our commitment to driving shareholder value, and the confidence we have in Luke's ability to take P10 to new heights. All the pieces are in place to continue strong organic growth, leverage inorganic opportunities, and elevate the P10 brand globally. We have built a best-in-class investment platform tailored to the needs of our global clients, and Clark and I have exceeded every goal we set for ourselves. We are confident Luke is the right choice for P10, and he has our full support. Over 23 years, Luke was a key contributor at Goldman Sachs. He held important leadership roles across the organization, including serving as co-head of Goldman Sachs Asset Management. which managed over $2.5 trillion in assets. Luke brings proven leadership skills that he honed over decades. At its core, P10 is a people business, and it was important that we find a leader with the character to lead people effectively while making the interests of clients paramount. We also wanted an individual that had distinct experience building asset management businesses as well as thoughtfully identifying and executing projects value additive transactions. We're confident that Luke will effectively lead P10 and capitalize on a myriad of opportunity for value creation. Clark and I remain large shareholders and look forward to remaining involved in key parts of the business. I remain chairman of the board and as part of the transition, I was elected executive chairman where I will focus on corporate matters. Clark will also remain on the board and he was elected Executive Vice Chairman and will direct his attention towards strategic opportunities and assist Luke in potential corporate transactions. Welcome, Luke. We're excited you're at P10. In a few moments, you'll hear from Luke, but before that, I want to hand it off to Clark for a few comments.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Q3PX 2023

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Investor presentation