Ridgepost Capital, Inc. · NYSE:RPC
Ridgepost Capital — Q3 2026 Earnings Presentation
34 slides from Ridgepost Capital's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Results Earnings Presentation
Third Quarter 2026 Results Earnings Presentation 4 November 2026
Slide 2: Important Disclosures
Important Disclosures The information presented herein is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any fund sponsored by affiliates of Ridgepost Capital, which may be made only at the time a qualified offeree re
Slide 3: Third Quarter 2026 Financial Highlights
Third Quarter 2026 Financial Highlights Adjusted Net Income, Fully Diluted ANI per share, Fee-Related Revenue, Fee-Related Earnings and Fee-Related Earnings Margin are non-GAAP financial measures. Please refer to the Non-GAAP Financial Measures slide for a reconciliation of non-GAAP to GAAP measures
Slide 4: Firm Overview
Firm Overview All data herein is as of 9/30/2026, unless otherwise noted. Data above includes Qualitas Funds AUM and FPAUM based on EUR/USD exchange rate of 1.13583. Please refer to the disclosure slides at the back of this presentation. Totals may not add due to rounding Ridgepost Capital is a lead
Slide 5: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights Adjusted Net Income, Fully Diluted ANI per share, Fee-Related Revenue, Fee-Related Earnings and Fee-Related Earnings Margin are non-GAAP financial measures. Please refer to the Non-GAAP Financial Measures slide for a reconciliation of non-GAAP to GAAP measures. Key Busi
Slide 6: FPAUM and Average Fee Rate Detail
FPAUM and Average Fee Rate Detail FPAUM Growth ($B) The average fee rates shown in the graph are calculated as management and advisory fees divided by average FPAUM. Catch-up fees are earned from investors that committed during the fundraising period of funds originally launched in prior periods, an
Slide 7: Fee Paying AUM Growth Model
Fee Paying AUM Growth Model Data above includes Qualitas Funds FPAUM based on EUR/USD exchange rate of 1.13583. Totals may not add due to rounding Long-term, contractually locked-up funds ensure highly sticky FPAUM base Breakdown of FPAUM Flows Capital Raised Capital Deployed Fee Base Stepdowns and
Slide 8: Financial Details
Financial Details
Slide 9: GAAP Consolidated Statements of Operations (unaudited)
GAAP Consolidated Statements of Operations (unaudited)
Slide 10: Adjusted FRE (unaudited)
Adjusted FRE (unaudited) Compensation and benefits, excluding all non-cash stock based compensation. Non-cash stock based compensation including acquisition related RSUs and option expense granted in connection with the Bonaccord and WTI acquisitions. Professional fees, inclusive of one-time and acq
Slide 11: Non-GAAP Financial Measures (unaudited)
Non-GAAP Financial Measures (unaudited) Above is a calculation of our unaudited non-GAAP financial measures. These are not measures of financial performance under GAAP and should not be construed as a substitute for the most directly comparable GAAP measures, which are reconciled in the table above.
Slide 12: Adjusted Net Income and Fully Diluted Shares Outstanding (unaudited)
Adjusted Net Income and Fully Diluted Shares Outstanding (unaudited) 1. Fully Diluted ANI per share calculations include the total of all common shares, outstanding RSUs and stock options under the treasury stock method, and the redeemable non-controlling interests of Ridgepost Capital, LLC converte
Slide 13: Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited)
Slide 14: Consolidated Statements of Cash Flows (unaudited)
Consolidated Statements of Cash Flows (unaudited)
Slide 15: Appendix
Appendix
Slide 16: Compelling Business Model Built on Durable Fee-Related Earnings
Compelling Business Model Built on Durable Fee-Related Earnings Based on LTM Q3 2026. Fee-Related Revenue is a non-GAAP financial measure. Please refer to the Non-GAAP Financial Measures slide for a reconciliation of non-GAAP to GAAP measures. Past performance does not guarantee future results. Ther
Slide 17: Focused Investment Strategies with Leadership in Attractive MM/LMM
Focused Investment Strategies with Leadership in Attractive MM/LMM Capital availability / opportunity imbalance creates attractive competitive dynamic Importance of proprietary data continuously guiding disciplined investment processes Valuations structurally lower Meaningfully less utilization of f
Slide 18: Attractive Private Markets Ecosystem
Attractive Private Markets Ecosystem World-class private markets strategies with long track records of alpha generation1 Leader in attractive MM/LMM, underpinned by data and insights Compelling business model built on durable FRE Large and diverse global client base Well-Positioned to Utilize Variet
Slide 19: World-Class Strategies, with Long Records of Alpha Generation
World-Class Strategies, with Long Records of Alpha Generation Average Net IRR for Funds >5 Years Old (Since 2006)1 1. Please see performance summaries and Disclosure slides in the back of this presentation. Net IRRs include the following funds -- Primary: Funds III-XIV and SEF I and II, Qualitas I-I
Slide 20: Performance Summary – Private Equity
Performance Summary – Private Equity Preeminent investment teams with a superior track record across portfolio solutions1 See Disclosure slides at the back of this presentation. Past performance is not indicative of future results. There is no guarantee that an investment with Ridgepost Capital will
Slide 21: Performance Summary – Private Equity
Performance Summary – Private Equity Preeminent investment teams with a superior track record across portfolio solutions1 See Disclosure slides at the back of this presentation. Past performance is not indicative of future results. There is no guarantee that an investment with Ridgepost Capital will
Slide 22: Performance Summary – Private Credit
Performance Summary – Private Credit Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC NAV Lending Funds (Fund size as of 9/30/26, performance as of 6/30/26) Fund I 2013 $106 119% 11.0% 1.3x Fund II 2017 $203 75% 11.4% 1.6x Fund III 2021 $408 84% 11.5% 1.4x Fund IV 2022 $646 84% 10.5% 1.2x
Slide 23: Performance Summary – Private Credit
Performance Summary – Private Credit Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Credit Funds (Fund size as of 9/30/26, performance as of 6/30/26) VLL I 1994 $47 100% 63.3% 5.9x VLL II 1997 $110 100% 61.4% 2.7x VLL III 2000 $217 75% 4.3% 1.2x VLL IV 2004 $250 100% 15.9% 2.2x VLL V 20
Slide 24: Performance Summary – Venture Capital
Performance Summary – Venture Capital Fund Vintage Fund Size ($M) Called Capital Net IRR Net ROIC Fund-of-Funds (Fund size as of 9/30/26, performance as of 6/30/26) Fund I2 2007 2007 $311 93% 20.3% 11.4x Fund II 2010 2010 $342 83% 20.4% 5.9x Fund III 2013 2013 $409 92% 16.8% 3.7x Fund IV 2015 2015 $
Slide 25: Primary Solutions, Direct and Co-Investments, Secondary Investments
Primary Solutions Direct and Co-Investments Secondary Investments Asset Class Private Equity Venture Capital Private Equity Venture Capital Private Credit Impact Investing Private Equity Venture Capital Structure Description Invests in diversified portfolio of funds across- asset classes with define
Slide 26: Fee Paying AUM Across Diversified Vehicles
Fee Paying AUM Across Diversified Vehicles Diversified Base and Growth Across Vehicles Key Metrics FPAUM Composition (As of Q3’26) Direct & Co-Investments Secondary Investments FPAUM Composition (As of Q3’26) Actual FPAUM Growth $22.5B Primary Solutions 49% Direct & Co-Investments 41% Secondary Inve
Slide 27: Highly Diversified Investor Base
Highly Diversified Investor Base Multi-asset class investment platform attracts diversified investors across various channels Investor Type by Channel Investor Channel Breakdown1 Wealth Manager / HNW 35% Pension Fund 20% Endowment / Foundation 18% Financial Institution 13% Insurance Company 9% Sover
Slide 28: Well Positioned in Attractive, Specialized, and Growing Markets
Well Positioned in Attractive, Specialized, and Growing Markets1 There is no guarantee that recent market dynamics will continue. Source: PitchBook. Capital available to invest by fund size represents U.S. private equity overhang for vintage years 2018-2025. U.S. PE Funds: includes buyout, growth, c
Slide 29: Unique Proprietary Data Set Driving Sourcing and Evaluation
Unique Proprietary Data Set Driving Sourcing and Evaluation Differentiation and Provides Asymmetric Information Advantage Overview Unique and extensive proprietary analytics database A competitive edge for systematic sourcing, diligence, and monitoring processes enable more informed investment decis
Slide 30: Tax Assets
Commentary Size Intangible Assets and Goodwill Tax basis intangible assets and tax-deductible goodwill are available to reduce federal income tax ratably over fifteen years Currently, tax amortization relates to goodwill and intangibles acquired in tax years 2017 – 2026 Management plans to pursue di
Slide 31: Notes
Notes
Slide 32: Key Terms & Supplemental Information
Key Terms & Supplemental Information Fee Paying Assets Under Management (FPAUM) FPAUM reflects 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
Slide 33: Performance Disclaimers
Performance Disclaimers PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS AND IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT WILL ACHIEVE RESULTS COMPARABLE TO THOSE DESCRIBED HEREIN. The historical performance of our specialized investment veh
Slide 34: Thank You
RIDGEPOST A\ CAPITAL Thank You 7 2699 HOWELL STREET, SUITE 1000 DALLAS, TX 75204 7 214.865.7998 71 [email protected]