Slide 1: The Bridge to Private Markets: Third Quarter 2021 Company Overview
Exhibit 99.1 The Bridge to Private Markets Third Quarter 2021 Company Overview
Slide 2: Legal Disclaimer
Legal Disclaimer IMPORTANTNOTICES The inclusion of referencestoP10, Inc. (the“Company”) in thispresentation isforinformationpurposes only astheholding company of varioussubsidiaries.P10 doesnot offer investment advisory services and this presentation is neither an offer of any investment products no
Slide 3: Highly Compelling Value Proposition
Highly Compelling Value Proposition Attractive Investment Thesis Premier, specialized private markets solutions provider operating in large and growing markets with increasing investor allocations Highly recurring revenue composed almost entirely of management and advisory fees earned primarily on c
Slide 4: Premier Private Markets Solutions Provider: Position in the Private Markets Ecosystem
Premier Private Markets Solutions Provider Exceptionally Well-Positioned in the Private Markets Ecosystem Private Markets Ecosystem We are a specialized private market solutions provider. As LPs entrust us with capital, we strengthen our relationships with high performing, difficult to access fund m
Slide 5: Comprehensive Suite of Private Market Vehicles
Premier Private Markets Solutions Provider (1) Comprehensive Suite of Private Market Vehicles Primary Direct and Secondary Solutions Co-Investments Investments • Private Equity • Private Equity • Private Equity • Venture Capital• Venture Capital • Private Credit • Impact Investing • Invests in diver
Slide 6: Differentiated Platform with Specialized Private Markets Solutions
Premier Private Markets Solutions Provider (1) Differentiated Platform with Specialized Private Markets Solutions PRIVATE EQUITY VENTURE CAPITAL PRIVATE CREDIT IMPACT INVESTING PRIMARIES DIRECT & CO-INVESTMENTS DIRECT & CO-INVESTMENTS PRIMARIES SECONDARIES DIRECT & CO-INVESTMENTS DIRECT & CO-INVESTM
Slide 7: Well Positioned in Attractive, Specialized and Growing Global Markets
Well Positioned in Attractive, Specialized and Growing Global Markets Attractive Middle/Lower Middle Market Dynamics with Accelerating Growth in Private Markets Segments (3) Middle/Lower Middle Market Size and Private Capital Allocation Private Markets Growth by Segment Lower Middle Market Venture C
Slide 8: Distinct Market Access, Deal Flow and Data Analytics: Industry Relationships
Distinct Market Access, Deal Flow and Data Analytics to Navigate Private Markets Long-Standing Industry Relationships and Extensive Proprietary Analytics Drive Unparalleled Market Access Private Equity Venture Capital Private Credit Impact Investing 1,800+ 540+ 180+ 81+ Investors Investors Investors
Slide 9: Unique and Extensive Proprietary Analytics Database
Distinct Market Access, Deal Flow and Data Analytics to Navigate Private Markets Unique and Extensive Proprietary Analytics Database Extensive Data Powerful Database and Collection Business Intelligence Platform ✓ Information within GPScout contains deep level private company operating and financial
Slide 10: Robust and Disciplined Sourcing Criteria
Distinct Market Access, Deal Flow and Data Analytics to Navigate Private Markets Robust and Disciplined Sourcing Criteria, Resulting in Highly Selective Investment Process (1) (2) (3) Primary Deal Flow Secondary Deal Flow Direct & Co-Investment Deal Flow Opportunities 3,500+ 2,000+ 8,500+ Tracked In
Slide 11: Preeminent Investment Teams Delivering Best-in-Class Performance
Preeminent Investment Teams Delivering Best-in-Class Performance (1) Superior Track Record Across a Broad Range of Portfolio Solutions Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Fund-of-Funds (as of 6/30/21) Fund-of-Funds (
Slide 12: Superior Track Record Across a Broad Range of Portfolio Solutions
Preeminent Investment Teams Delivering Best-in-Class Performance (1) Superior Track Record Across a Broad Range of Portfolio Solutions Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Equity Funds (as of 6/30/21) NAV Lending Fund
Slide 13: Investment Teams Led by Management Teams with Sustained Track Records
Venture Capital Solutions Investment Teams Led by Management Teams with Sustained Track Records of Success Ownership structure aligned with investors; carried interest aligned with investment teams Private Equity Solutions Venture Capital Solutions Impact Investing Solutions Private Credit Solutions
Slide 14: Investment Teams Led by Management Teams with Sustained Track Records
Investment Teams Led by Management Teams with Sustained Track Records of Success Ownership structure aligned with investors; carried interest aligned with investment teams Private Credit Solutions Impact Investing Solutions Impact Investing Solutions Private Credit Solutions Michael Korengold Richar
Slide 15: Highly Diversified, Multi-Asset Investment Platform and Investor Base
Highly Diversified, Multi-Asset Investment Platform and Investor Base Differentiated Investor Base Combined with Institutional and International Distribution Diversified Investor Base Investor Base by Channel Investor Base Regions (1) (As of 2Q’21) North America Central America South America FPAUM E
Slide 16: Fee Paying Assets Under Management Across Diversified Vehicles
Fee Paying Assets Under Management Across Diversified Vehicles Multi-Asset Investment Platform with Strong Organic Growth Diversified Base and Growth Across Vehicles Key Metrics FPAUM Composition Primary Solutions (As of Q3’21) $10.1Bn 28% Primary Solutions 62% Total FPAUM FPAUM as of Q3’21 Organic
Slide 17: FPAUM and Average Fee Rate Detail
FPAUM and Average Fee Rate Detail Robust Organic FPAUM Growth and Stable, Attractive Fee Rates (1) (2) Organic FPAUM Growth Average Fee Rate ($Bn) (Bps) Average 2020PF-Q3’21A Fee Rate: 100bps 18% CAGR 30% CAGR Average Fee Rates are Stable and Consistent Across Vehicles and Fund Structures 101 100 99
Slide 18: Experienced Management with Aligned Incentives and Proven Track Record
Experienced Management with Aligned Incentives and Proven Organic and Inorganic Track Record Deep Bench of Talent with Long History of Investing Years of Experience Leadership Key P10 Criteria Robert Co-CEO Alpert 30+ Market leading differentiated platform Chairman of the Board P C. Clark Co-CEO 17+
Slide 19: A Differentiated Investment Firm
A Differentiated Investment Firm Premier Private Markets Solutions Provider 1 2 Well Positioned in Attractive, Specialized and Growing Global Markets Distinct Market Access, Deal Flow and Data Analytics to Navigate Private Markets 3 Preeminent Investment Teams Delivering Strong Performance 4 Highly
Slide 20: Simple Yet Powerful Financial Model
Simple Yet Powerful Financial Model Revenues consist almost exclusively of recurring, predictable management fees averaging 100 bps on FPAUM Peer leading profitability with 55-60% Adj. EBITDA margins Limited tax leakage with approximately $500 million in tax assets Highly efficient revenue to free c
Slide 21: Third Quarter 2021 Highlights
Third Quarter 2021 Highlights Strong FPAUM growth drives record financial performance ì Fee paying assets under management (FPAUM) were $16.3Bn, an increase of 122% compared to September 30, 2020 Three Months Ended Nine Months Ended Financial Results ($ in Millions) September 30, 2021 September 30,
Slide 22: Non-GAAP Financial Measures (unaudited)
Non-GAAP Financial Measures (unaudited) Three Months Ended Nine Months Ended (Dollars in thousands except share and per share amounts) September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Q3'21 vs Q3'20 YTD'21 vs YTD'20 GAAP Net Income $ 4,078 $ 65 $ 9,260 $ 3,186 N/A 191% Add
Slide 23: Consolidated Balance Sheets
Consolidated Balance Sheets September 30, 2021 December 31, 2020 (unaudited) (Dollars in thousands except share amounts) Assets Cash and cash equivalents $ 21,656 $ 11,773 Restricted cash 6,421 1,010 Accounts receivable 7,656 2,494 Due from related parties 5,885 2,667 Investment in unconsolidated su
Slide 24: Key Terms & Performance Disclosure
Key Terms & Performance Disclosure Fee Paying Assets Under Management (FPAUM): FPAUM reflects the assets from which we earn management and advisory fees. Our vehicles typically earn management and advisory fees based on committed capital, and in certain cases, net invested capital, depending on the
Slide 25: Key Terms & Supplemental Information
Key Terms & Supplemental Information Below is a description of our unaudited non-GAAP financial measures. These are not measures of financial performance under GAAP and should not be construed as a substitute for the most directly comparable GAAP measures. These measures have limitations as analytic
Slide 26: Contact Us
CONTACT US DALLAS OFFICE Office: 4514 Cole Avenue Suite 1600 Dallas, Texas 75205 Tel: 214.865.7998 Website: p10alts.com Email: info@p10alts.com Q3 2021 The Bridge to Private Markets 26