DALLAS, May 07, 2026 (GLOBE NEWSWIRE) -- Ridgepost Capital, Inc (NYSE:RPC), a leading private markets solutions provider, today announced financial results for the first quarter ended March 31, 2026.
A presentation of the quarterly financials may be accessed here and is available at https://ir.ridgepostcapital.com/quarterly-results.
"Ridgepost Capital delivered record fundraising levels to start 2026," said Luke Sarsfield, Ridgepost Capital Chairman and Chief Executive Officer. "Fee-paying assets under management stood at approximately $31 billion at quarter-end, surpassing $30 billion for the first time and representing 18% year-over-year growth. Growth in the first quarter was driven by nearly $2 billion of gross capital raised and deployed, in line with our expectations and demonstrating the growing demand for alternatives. This strong start to the year and the progress we've made on the vision outlined at our Investor Day underscores the strength of our differentiated private markets platform, with a unique focus on the middle and lower-middle markets and a diverse and durable LP base."
Stock Repurchase Program
During the first quarter, we repurchased 701,439 shares of our common stock at an average price of $8.55 per share, for approximately $6 million. Approximately $15 million remained available under our stock repurchase program as of the end of the first quarter.
Declaration of Dividend
Our Board of Directors has declared a cash dividend of $0.04 per share of Class A and Class B common stock, payable on June 18, 2026, to stockholders of record as of May 29, 2026.
Conference Call Details
We will host a conference call to answer questions regarding our first quarter financial results at 8:30 a.m. Eastern Time on Thursday, May 7, 2026. This call will include the disclosure of certain information, including forward-looking information, which may be material to an investor's understanding of our business. All participants must register prior to joining the event.
For those unable to participate in the live event, a replay will be made available on Ridgepost Capital's investor relations page at www.ir.ridgepostcapital.com.
About Ridgepost Capital
Ridgepost Capital (NYSE:RPC) is a leading private markets solutions provider with over $45 billion in assets under management as of March 31, 2026. Ridgepost Capital invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies, with a focus on the middle and lower-middle market. Ridgepost Capital's products have a global investor base and aim to deliver compelling risk-adjusted returns. For additional information, please visit www.ridgepostcapital.com.
Forward-Looking Statements
Some of the statements in this release and our conference call, which will be held at 8:30 a.m. Eastern Time on May 7, 2026, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance, and business. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates, or expectations contemplated will be achieved. Forward-looking statements reflect management's current plans, estimates, and expectations, and are inherently uncertain. All forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different, including risks related to: global and domestic market and business conditions; successful execution of business and growth strategies; regulatory factors relevant to our business; changes in our tax status; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; our ability to make acquisitions and successfully integrate the businesses we acquire, including Stellus Capital Management, LLC; assumptions relating to our operations, financial results, financial condition, business prospects and growth strategy; the timing and amount of any share repurchases; and our ability to manage the effects of events outside of our control. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the "Risk Factors" included in our annual report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2026 and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
Key Financial & Operating Metrics
Fee-paying assets under management reflect the assets from which we earn management and advisory fees. Our vehicles typically earn management and advisory fees based on committed capital, and in certain cases, net invested capital, depending on the fee terms. Management and advisory fees based on committed capital are not affected by market appreciation or depreciation.
Ridgepost Capital Investor Contact:
info@ridgepostcapital.com
Ridgepost Capital Media Contact:
Josh Clarkson
Taylor Donahue
pro-ridgepost@prosek.com
