Asset manager P10 names Goldman Sachs veteran Luke Sarsfield as CEO

(Reuters) -Asset manager P10 on Monday named Goldman Sachs veteran Luke Sarsfield as its chief executive officer(CEO), with the appointment effective immediately.

Sarsfield worked with Goldman Sachs for over 23 years and was named the global co-head of its asset management business, which managed about $2.5 trillion in assets under his leadership, P10 said in a statement.

P10, which went public in 2021, is a Dallas-based multi-asset class private market solutions provider in the alternative asset management industry.

It focuses on lower-middle market deals in areas such as private equity, venture capital, and private credit, and operates four divisions that include RCP Advisors and TrueBridge Capital Partners.

The Wall Street Journal first reported the development.

(Reporting by Shivani Tanna and Pritam Biswas in Bengaluru; Editing by Josie Kao and Shweta Agarwal)