P10 Inc. has entered into a definitive agreement to acquire Stellus Capital Management, LLC, a U.S. direct lender specializing in senior secured loans in the lower-middle market, for an initial purchase price of $250 million. The consideration includes $125 million in cash and $125 million in exchangeable units of P10 Intermediate Holdings, LLC, with up to $60 million in additional earnout payments based on future fee-related revenue. Stellus, which manages approximately $3.8 billion in assets, will continue to operate under its current leadership and maintain control over its investment processes. The transaction is expected to close in mid-2026, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. P10 Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9649452-en) on February 05, 2026, and is solely responsible for the information contained therein.