Beneficient

Beneficient is a technology-enabled financial services company that offers simple, rapid, and cost-effective liquidity solutions, along with related trustee, custody, and trust administrative services, to participants in the alternative asset industry. The company operates through its business line operating subsidiaries, known as Ben Business Units: Ben Liquidity, Ben Custody, and Ben Markets. These units aim to provide solutions in the alternative asset investment market for individual and institutional investors, general partners and sponsors (GPs), and the alternative asset funds they manage, collectively referred to as Customers. Following regulatory approval, an additional business line, Ben Insurance Services, is expected to be included. Beneficient's products and services are designed for mid-to-high net worth (MHNW) individual investors, small-to-midsize institutional (STMI) investors, family offices (FAMOs), and GPs. Currently, the company's primary operations involve liquidity, primary capital, trustee, custody, and alternative asset trust administration products and services, delivered through Ben Liquidity, L.L.C. and its subsidiaries, and Ben Custody, L.L.C. and its subsidiaries. Through Ben Liquidity, the company finances liquidity and primary capital transactions for Customers using a proprietary trust structure called Customer ExAlt Trusts. These trusts facilitate the exchange of a Customer's alternative assets or fulfill primary capital needs for consideration using a proprietary financing structure and process known as the ExAlt Plan™. In ExAlt Plan™ financings, Beneficient Fiduciary Financial, L.L.C. (BFF), a Kansas-based trust company and a subsidiary of Ben Liquidity, provides fiduciary financing (fidfin) to fidfin trusts. BFF makes loans, called ExAlt Loans, to certain Customer ExAlt Trusts. These trusts then use a portion of the loan proceeds to acquire and deliver agreed-upon consideration to the Customer in exchange for their alternative assets or to fulfill their primary capital needs.