DALLAS - P10, Inc. (NYSE: PX), a provider of private market solutions in the alternative asset management sector, has announced the upcoming retirement of its Chief Operating Officer, William "Fritz" Souder. Mr. Souder is set to retire in May 2024, with the company planning to reallocate his responsibilities prior to his departure.
Mr. Souder has been pivotal in P10's growth, contributing significantly from the company's early stages through its evolution into a prominent firm. His tenure included roles from being one of the founding partners of RCP, an investment strategy under P10's umbrella, to his current position as COO.
Luke Sarsfield, CEO of P10, expressed gratitude for Souder's dedicated service, which benefited not only the company's stakeholders but also various community organizations he supported. The firm will provide updates on the forthcoming changes to its organizational structure during the earnings call scheduled for February 29, 2024.
P10 serves a global investor base, including some of the largest pension funds, endowments, and financial institutions, with a presence across 50 states and 60 countries. The firm's mission is to offer diverse investment solutions within private markets.
The company's governance includes provisions in its Certificate of Incorporation to protect tax benefits associated with its net operating losses. These rules prevent share transfers that would create or increase the ownership of a 4.99% shareholder, ensuring the integrity of P10's tax position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.