Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Acquisition [Line Items]

Summary of Unaudited Pro Forma Condensed Consolidated Results of Operations Attributable to the Acquisitions

The following unaudited pro forma condensed consolidated results of operations of the Company assumes the acquisitions of Five Points, TrueBridge, Enhanced, and Bonaccord were completed on January 1, 2020:

	For the Nine Months Ended
	September 30,
	2021		2020
Revenue	$	120,057	$	90,075
Net income attributable to P10		12,749		5,435

Five Points Capital

Business Acquisition [Line Items]

Summary of the Consideration Paid

The following is a summary of consideration paid:

	Fair Value
Cash	$	46,751
Preferred stock		20,100
Total purchase consideration	$	66,851

Summary of Fair Value of the Net Assets Acquired as of the Acquisition Date

The following table presents the fair value of the net assets acquired as of the acquisition date:

	Fair Value
ASSETS
Cash and cash equivalents	$	111
Accounts receivable		295
Due from related parties		27
Prepaid expenses and other		13
Property and equipment		87
Right-of-use assets		339
Intangible assets		23,960
Total assets acquired	$	24,832
LIABILITIES
Accounts payable	$	358
Accrued expenses		390
Long-term lease obligation		339
Deferred tax liability		5,524
Total liabilities assumed	$	6,611
Net identifiable assets acquired	$	18,221
Goodwill		48,630
Net assets acquired	$	66,851

Summary of the Fair Value of Identifiable Intangible Assets Acquired

The following table presents the fair value of identifiable intangible assets acquired:

			Weighted-
			Average
			Amortization
	Fair Value		Period
Value of management contracts	$	19,900	10
Value of trade name		4,060	10
Total identifiable intangible assets	$	23,960

TrueBridge Capital

Business Acquisition [Line Items]

Summary of the Consideration Paid

The following is a summary of consideration paid:

	Fair Value
Cash	$	94,216
Contingent consideration		572
Preferred stock		94,350
Total purchase consideration	$	189,138

Summary of Fair Value of the Net Assets Acquired as of the Acquisition Date

The following table presents the fair value of the net assets acquired as of the acquisition date:

	Fair Value
ASSETS
Cash and cash equivalents	$	6,537
Accounts receivable		14
Due from related parties		55
Prepaid expenses and other		60
Property and equipment		1,061
Right-of-use assets		1,627
Intangible assets		43,600
Total assets acquired	$	52,954
LIABILITIES
Accounts payable	$	20
Accrued expenses		323
Deferred revenues		6,491
Long-term lease obligation		2,031
Deferred tax liability		5,518
Total liabilities assumed	$	14,383
Net identifiable assets acquired	$	38,571
Goodwill		150,567
Net assets acquired	$	189,138

Summary of the Fair Value of Identifiable Intangible Assets Acquired

The following table presents the fair value of identifiable intangible assets acquired:

			Weighted-
			Average
			Amortization
	Fair Value		Period
Value of management contracts	$	34,100	10
Value of trade name	$	7,300	10
Value of technology		2,200	4
Total identifiable intangible assets	$	43,600

Enhanced

Business Acquisition [Line Items]

Summary of the Consideration Paid

The acquisition of the equity interests in ECG and ECP were negotiated simultaneously for a single purchase price. The following tables illustrate the consideration paid for Enhanced, and the allocation of the purchase price to the acquired assets and assumed liabilities.

	Fair Value
Cash	$	82,596
Estimated post-closing working capital adjustment		1,519
Preferred stock		26,904
Total purchase consideration	$	111,019

Summary of Fair Value of the Net Assets Acquired as of the Acquisition Date

The following table presents the provisional fair value of the net assets acquired as of the acquisition date:

	Fair Value
ASSETS
Cash and cash equivalents	$	2,752
Restricted cash		254
Accounts receivable		3,424
Due from related parties		257
Prepaid expenses and other assets		2,099
Investment in unconsolidated subsidiaries		2,158
Intangible assets		36,820
Total assets acquired	$	47,764
LIABILITIES
Accrued expenses	$	551
Other liabilities		288
Deferred revenues		2,110
Due to related parties		2,059
Debt obligations		1,693
Deferred tax liability		3,318
Total liabilities assumed	$	10,019
Net identifiable assets acquired	$	37,745
Goodwill		73,274
Net assets acquired	$	111,019

Summary of the Fair Value of Identifiable Intangible Assets Acquired

The following table presents the provisional fair value of identifiable intangible assets acquired:

			Weighted-
			Average
			Amortization
	Fair Value		Period
Value of management and advisory contracts	$	30,820	12
Value of trade name		6,000	10
Total identifiable intangible assets	$	36,820

Bonaccord

Business Acquisition [Line Items]

Summary of the Consideration Paid

The following is a summary of consideration paid:

	Fair Value
Cash	$	38,926
Contingent consideration		16,970
Total purchase consideration	$	55,896

Summary of Fair Value of the Net Assets Acquired as of the Acquisition Date

The following table presents the provisional fair value of the net assets acquired as of the acquisition date:

	Fair Value
ASSETS
Prepaid expenses and other assets		9
Investment in partnership		1,396
Intangible assets		12,480
Total assets acquired	$	13,885
LIABILITIES
Accrued expenses	$	919
Total liabilities assumed	$	919
Net identifiable assets acquired	$	12,966
Goodwill		42,930
Net assets acquired	$	55,896

Summary of the Fair Value of Identifiable Intangible Assets Acquired

The following table presents the provisional fair value of the identifiable intangible assets acquired:

			Weighted-
			Average
			Amortization
	Fair Value		Period
Value of management and advisory contracts	$	8,930	8
Value of trade name		3,550	10
Total identifiable intangible assets	$	12,480