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- Related liquidity transactions with three funds managed by ff Venture Capital, a leading investor in emerging industries, including fintech - With full participation from all limited partners, it is estimated Ben's loan portfolio collateral will grow by up to $121.5 million - Upon closing and assuming full participation, Beneficient will have completed, in aggregate, over $1.1 billion of NAV in liquidity transactions with general partners through fund restructurings and continuation vehicles DALLAS, Marc ...

Beneficient (NASDAQ:BENF) stock is rocketing higher on Friday after the financial technology services company revealed insider trader from one of it members of the Board of Directors.Director Peter Cangany acquired 400,000 shares of BENF stock from Feb. 20 to Feb. 21. The first batch he bought was 200,000 shares at an average price of 26 cents each. After that, he purchased another 200,000 batch of shares the following day for 25 cents each.The shares purchased by Cangany are held indirectly through his The ...

Financial Data and Key Metrics Changes - Ben Liquidity recognized $11.3 million in base interest revenue for the quarter, down 13.4% from the prior quarter due to lower carrying values of loans receivable driven by higher allowances for credit losses [22] - Ben Custody recognized fee revenues of $5.9 million, down 9.1% sequentially, primarily due to a decline in assets held in custody, which decreased by 13.0% to $432.5 million [23] - Total segment operating loss was $894.6 million in the quarter compared to $378.1 million in the prior quarter, largely due to a non-cash goodwill impairment charge of $883 million [24] Business Line Data and Key Metrics Changes - Ben Liquidity's operating income was a loss of $606.4 million, compared to losses of $272.1 million in the prior quarter [22] - Ben Custody's operating income was a loss of $268.0 million, compared to losses of $80.8 million in the prior quarter [23] - Adjusted operating income for Ben Liquidity was $2.5 million, while Ben Custody's adjusted operating income was $4.8 million [22][23] Market Data and Key Metrics Changes - The global alternative assets market is estimated to exceed $12 trillion, growing at mid to high-teens rates for the last 15 years [12] - The U.S. market for alternative assets held by Ben's target market is over $2 trillion in net asset value [12] - The secondary market for alternative assets has grown from over $35 billion to $130 billion in annual transactions over the last decade [13] Company Strategy and Development Direction - The company aims to be the premier fiduciary provider of liquidity and capital services in a U.S. market valued at over $2 trillion [8] - The focus is on scaling the business to achieve operating leverage while providing fiduciary services and financing in a unique capacity under the TEFFI charter [32] - The company has rolled out innovative liquidity products and trustee services through its fintech platform, AltAccess, to address the underserved market [7][10] Management's Comments on Operating Environment and Future Outlook - Management highlighted the significant demand for liquidity solutions among mid to high net worth individuals and small to mid-sized institutions [7] - The company is well-positioned to capitalize on growth opportunities in the alternative asset market, despite current challenges [19] - Management indicated that further declines in market capitalization could lead to additional non-cash goodwill impairments in the future [25] Other Important Information - The company has written down over $2 billion of goodwill since its public listing, with a remaining goodwill balance of $81.7 million [24][25] - Cash and cash equivalents increased to $11.2 million from $2.4 million in the prior quarter [25] Q&A Session Summary Question: Can the AltAccess platform be licensed or sold as a standalone? - Management stated that AltAccess is foundational for delivering liquidity and custodial capabilities and can be white-labeled for third-party platforms, providing an additional revenue stream [27][28] Question: What makes the combination of capital provision and service revenue unique? - Management explained that the TEFFI charter allows the company to provide fiduciary financing and services, which is not commonly available in the market, enabling a broader range of fee opportunities [31][32] Question: Should additional goodwill write-downs be expected? - Management indicated that the majority of write-downs are likely done, with remaining goodwill at $81.7 million, but further testing for impairment will occur if market conditions do not improve [34][35] Question: Can you elaborate on the GP Solutions marketing program? - Management detailed that GP Solutions targets General Partners and sponsors, contributing significantly to the growth of the balance sheet, alongside other origination channels [39]

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ:BENF) (the "Company"), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced it has retained Darrow Associates to represent the Company as its investor relations ("IR") advisor. In this capacity, Darrow Associates will support Beneficient as the primary contact with investors and will seek to increase awareness of the Company's growth opportunities with the broad ...

– Closing of $2 Million Liquidity Financing Caps Nearly $10 Million Sourced from PLP Program – – Entered into additional PLP Program Agreements, Increasing the Total Amount of Committed Capital to Funds Party to the PLP Program to $1.5 Billion – – PLP Program now Offered alongside Beneficient's New Primary Commitment Program for General Partners – DALLAS, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ:BENF), a technology-enabled platform providing liquidity and related trust and custody services to h ...

Table of Contents As filed with the Securities and Exchange Commission on December 20, 2023. Registration No. 333-275174 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BENEFICIENT (Exact name of registrant as specified in its charter) (State or other Jurisdiction of Incorporation Or Organization) Nevada 6199 72-1573705 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificat ...

Table of Contents As filed with the Securities and Exchange Commission on December 4, 2023. Registration No. 333-275174 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BENEFICIENT (Exact name of registrant as specified in its charter) Nevada 6199 72-1573705 (State or other Jurisdiction of Incorporation Or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificati ...

Beneficient (NASDAQ:BENF) Q2 2024 Results Conference Call November 13, 2023 5:00 PM ET Company Participants David Rost - General Counsel Brad Heppner - CEO and Chairman Greg Ezell - CFO Operator Good day, and thank you for standing by. Welcome to the Beneficient Second Quarter Fiscal 2024 Earnings Call. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, David Rost, General ...