Hark Capital Concludes Fundraising with $645 Million for Fund IV

DALLAS, July 09, 2024 – P10, Inc. (NYSE: PX, a prominent provider of private market solutions, has proudly announced that its affiliated manager, Hark Capital, has successfully closed on $645 million in capital commitments for Hark Capital IV. This substantial achievement underscores the confidence of investors in Hark's strategy to furnish flexible Net Asset Value (NAV) credit solutions to lower middle market sponsors.

Hark Capital IV Fund Completion

Hark Capital, operating under the umbrella of P10 Inc., stands out in the private markets sector by offering a specialized financial instrument to private equity firms – NAV-based financing. This form of financing provides firms with the opportunity to leverage their existing portfolio of investments, thereby unlocking liquidity and creating additional value without resorting to asset sales or equity issuances. The closure of Hark Capital IV with $645 million signifies a strong vote of trust from the investment community and marks a substantial increase from its predecessor fund, Hark Capital III.

Commitment to Lower Middle Market

Hark Capital is revered for its commitment to the lower middle market, a segment often overlooked by larger lenders. By focusing on providing flexible financing solutions to this sector, Hark empowers companies and sponsors to propel growth and achieve strategic objectives. The recent closing of Fund IV will enable the firm to further bolster its support for lower middle market sponsors and their portfolio companies.

About P10, Inc.

P10, Inc. (NYSE: PX is a leader in private markets, delivering solutions across private equity, private credit, venture capital, and real estate. P10 seeks to offer clients best-in-class investment opportunities. It operates a diversified, multi-manager platform that aims to produce top-tier returns and align with investor needs for transparency, reliability, and accessibility. P10 maintains a strong commitment to fostering growth and delivering long-term value to both investors and stakeholders.

About Praxair, Inc.

Praxair, Inc. PX is an industry giant in the realm of industrial gases. With its headquarters firmly established in Danbury, Connecticut, Praxair continues to play a pivotal role in manufacturing and distributing gases essential to a multitude of industries, including healthcare, energy, manufacturing, and more. The firm’s dedication to innovation and environmental stewardship retains its status as a key player in its sector.

HarkCapital, FundIV, P10