P10 Holdings, Inc. (OTCPK:PIOE) entered into definitive agreement to acquire Truebridge Capital Partners LLC on August 25, 2020. As consideration, TrueBridge will receive convertible preferred equity in a limited liability company and cash. The cash portion of the transaction is expected to be primarily funded with current P10 Holdings cash on hand, an additional draw on its existing credit facility and the proceeds from the exercise of a call option by a current investor. TrueBridge will operate as subsidiary of P10 Holdings and will continue to be managed by its existing team. Edwin Poston and Mel Williams,Co-Founders of Truebridge Capital will join P10 Holdings. The transaction is subject to TrueBridge limited partner and other customary approvals. The transaction is expect to close in the next 45 to 60 days. P10 Holdings, Inc. (OTCPK:PIOE) completed the acquisition of Truebridge Capital Partners LLC for approximately $190 million on October 2, 2020. The purchase price includes $94.2 million of cash, $0.57 million of contingent consideration and $94.4 million of preferred stock of P10 Intermediate. In connection with the acquisition of TrueBridge, the term loan under the Facility was amended adding an additional $91.4 million. In January 2021, P10 Holdings paid the TrueBridge sellers $414 thousand of the contingent consideration.