Ridgepost Capital is a private markets asset manager focused on the middle and lower-middle market. Rather than investing directly, Ridgepost acts as a solutions platform, offering institutional investors access to private equity, venture capital, and private credit across several strategies: fund-of-funds, secondaries, co-investments, GP stakes (through Bonaccord), and private credit (direct lending, NAV lending, venture debt, and impact credit). Customers are primarily pension funds, endowments, foundations, insurance companies, and family offices across 60 countries. As of December 31, 2025, Ridgepost managed $29.4B in fee-paying AUM, split across Private Equity Solutions (~60%), Venture Capital Solutions (~23%), and Private Credit Solutions (~17%). Revenue is almost entirely recurring management fees, charged at roughly 100-110 bps on committed capital, locked in for the life of funds that typically run ten to fifteen years. Ridgepost does not retain carried interest at the corporate level, making revenue unusually predictable. Because fees are on committed capital and the cost base is largely fixed, the model carries meaningful operating leverage, with Fee-Related Earnings margins running around 47-49%. Ridgepost grows FPAUM through new fundraising, acquisitions, and organic deployment, targeting $50B in FPAUM by 2029. Key inorganic priorities include international expansion, private credit buildout (the pending Stellus acquisition adds ~$2.6B FPAUM), and eventual entry into real assets.