P10 appoints two new directors to enhance board

DALLAS - P10, Inc. (NYSE: PX), a prominent provider of private market solutions with a market capitalization of $1.23 billion, announced the addition of Jennifer Glassman and Stephen Blewitt to its Board of Directors. The appointments, effective today, are part of the company’s efforts to strengthen its governance and long-term shareholder value. According to InvestingPro analysis, P10 maintains a strong financial health score, reflecting its solid operational foundation.

Jennifer Glassman steps into the role of independent Class I director and will also serve on the Audit Committee. Glassman, the Chief Financial Officer of Towerbrook Capital Partners, brings extensive experience from her tenure as CFO at Soros Private Equity and various financial roles at Soros Fund Management LLC. Her earlier career includes over seven years at PricewaterhouseCoopers, LLP. She is a certified public accountant and holds degrees from the Wharton School of the University of Pennsylvania and Columbia Business School.

Stephen Blewitt joins as an independent Class III director and will contribute to the Compensation Committee. Blewitt, co-founder of Youth.Work.Connect, has a background in fostering economic mobility for underserved high school youth. His professional experience includes serving as Chief Investment Officer (Private Markets) and Head of Private Markets at Manulife Investment Management, where he managed global investment teams across multiple asset classes. Blewitt’s qualifications include a B.A. from the University of Chicago and an M.B.A. from Boston University.

"We are thrilled to welcome these two investment industry veterans to the P10 Board," said Luke Sarsfield, P10 Chairman and Chief Executive Officer. "Their proven track records within the alternative asset management sector will immediately strengthen our board."

P10, with a global investor base exceeding 3,800 across various regions and sectors, aims to provide investors with differentiated access to investment solutions within private markets. The company has demonstrated robust performance with 22.63% revenue growth over the last twelve months and maintains healthy liquidity with a current ratio of 1.51. The company’s mission is to address diverse investment needs, boasting a broad portfolio that includes private equity, credit, real estate, and more. InvestingPro analysis reveals 8 additional key insights about P10’s performance and potential, available to subscribers.

The information in this article is based on a press release statement from P10, Inc. For comprehensive analysis and detailed insights about P10’s financial performance, including Fair Value estimates and growth projections, visit InvestingPro, where you can access the full Pro Research Report, available for over 1,400 US stocks.

In other recent news, P10, Inc. has completed the acquisition of Qualitas Equity Funds SGEIC, S.A., based in Madrid, for $63 million. This strategic move is expected to enhance P10’s presence in the European market, particularly in lower-middle market segments. Qualitas Funds manages approximately $1 billion in assets, and the acquisition is anticipated to expand P10’s global platform by integrating complementary strengths. Additionally, P10 has updated executive compensation agreements for its Chief Financial Officer, Amanda Coussens, and Chief Administrative Officer, Mark Hood. The new terms, effective April 2025, include cash-based annual bonuses contingent on performance criteria and annual equity awards. Coussens’ target bonus is set at $300,000, with equity awards valued at $600,000, while Hood’s equity awards are valued at $500,000. Changes also include provisions for termination payments and immediate vesting of equity awards in certain circumstances. These developments reflect P10’s ongoing strategic initiatives to grow and align its executive compensation with company objectives.

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