Beneficient (NASDAQ: BENF) (“Ben” or the
“Company”), a technology-enabled financial services
holding company, is excited to announce the latest advancements to
its fintech platform, AltAccess®. The new release of AltAccess
introduces the Machine-Automated Pricing System (“MAPS”), which
incorporates Ben’s formula-based pricing model for qualified
fiduciary financings and is engineered to optimize dynamic pricing
and real-time net asset valuations of alternative assets allowing
for the rapid processing of liquidity transactions.
Technical Enhancements for AltAccess
The integration of MAPS into the AltAccess platform marks a
significant upgrade. MAPS offers enhanced algorithmic capabilities
designed to handle a higher volume of the Company’s liquidity and
primary capital transactions with greater efficiency for
alternative asset sponsors and investors. MAPS leverages current
private market metrics and public market conditions to deliver
dynamic and automated pricing. This development is expected to more
rapidly deliver pricing of qualified fiduciary financings and
enable our customers to achieve earlier liquidity from their
alternative assets or secure primary capital solutions during their
fund raising while fostering increased confidence and transparency
in the transaction process.
Accelerated Transaction Processing
Historically, Ben’s AltAccess platform offered an
industry-leading time-to-close for liquidity transactions, reducing
the process to as few as 30 days compared to as long as 15 months
or more from secondary liquidity competitors. With MAPS, this
period is expected to be further reduced to potentially 15 days or
less. This acceleration from the industry standard of up to 15
months to 15 days is anticipated to significantly enhance Ben’s
operational capacity, which would enable us to scale the delivery
of liquidity and primary capital solutions for a diverse range of
alternative assets, including private equity, venture capital,
credit, infrastructure, and real assets. Further, MAPS can
deliver pricing on a broad range of alternative asset vehicle types
including closed-end funds, feeder funds, fund-of-funds, and
evergreen funds, among others.
Advanced Capabilities of MAPS
MAPS implements Ben's new formula-based pricing system, which is
engineered to dynamically adjust based on a broad spectrum of
inputs. These include the latest private market metrics and public
market data. This innovation is designed to provide customers with
up-to-date and precise valuations generated through a consistently
applied methodology, streamlining their decision-making
processes.
Strategic Implementation
The initial rollout of MAPS is expected to include Ben’s General
Partner (“GP”) Solutions group, particularly the GP Primary
Commitment Program. This strategic move is expected to enhance our
capability to offer compelling primary capital solutions and
efficiently close strategic liquidity or restructuring transactions
for GPs. The GP Primary Commitment Program is focused on providing
primary capital solutions and financing anchor commitments while
immediately deploying capital into our equity to General Partners
during their fundraising efforts.
Market Impact and Future Plans
Ben's commitment to innovation through AltAccess and its
integration of MAPS is poised to address the approximately $400
billion in market demand for liquidity restructuring solutions and
primary capital. The enhanced platform aims to deliver secure,
rapid, and transparent transactions, reinforcing Ben’s position as
an innovator in the alternative asset liquidity market.
Following the initial deployment, Ben plans to extend the MAPS
capabilities through AltAccess across other target markets,
including mid-to-high net worth individuals, small-to-midsized
institutions and the advisors and consultants that work with these
investors. This expansion is expected to further diversify and
enhance Ben’s product offerings, with the goal of delivering
significant value to both our customers and stockholders while
meeting a large and rapidly growing industry demand for regulated,
tech enabled solutions that make investing in, reporting on and
exiting alternative investments more frictionless.
“Ben plans to continue seeking new tools to implement that would
facilitate the availability of additional relevant data,
information and transparency for our customers. By incorporating
the use of machine-automated processes and our extensive access to
market data, MAPS is designed to integrate and automate what were
previously time-and-resource-intensive processes, to make
information more readily accessible to holders of alternatives
assets and GPs seeking primary capital financing solutions,” said
the Company.
About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to
democratize the global alternative asset investment market by
providing traditionally underserved investors – mid-to-high net
worth individuals and small-to-midsized institutions – with early
liquidity and primary capital solutions that could help them unlock
the value in their alternative assets. Ben’s AltQuote™ tool
provides customers with a range of potential exit options within
minutes, while customers can log on to the AltAccess® portal
featuring its MAPs capabilities to digitize their alternative
assets in order to explore early exit opportunities, receive
proposals in a secure online environment, engage custodial services
for the digital alternative assets and receive data analytics to
better inform investment decision making. Its subsidiary,
Beneficient Fiduciary Financial, L.L.C., received its charter under
the State of Kansas’ Technology-Enabled Fiduciary Financial
Institution (TEFFI) Act and is subject to regulatory oversight by
the Office of the State Bank Commissioner.
For more information, visit www.trustben.com or follow us on
LinkedIn.
Contacts
Matt Kreps: 214-597-8200, mkreps@darrowir.comMichael
Wetherington: 214-284-1199, mwetherington@darrowir.comInvestor
Relations: investors@beneficient.com
Disclaimer and Cautionary Note Regarding Forward-Looking
Statements
Certain of the statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements can be generally identified by the use of words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “potential,” “predict,” “project,” “should,”
“target,” “will,” “would,” and, in each case, their negative or
other various or comparable terminology. These forward-looking
statements reflect our views with respect to future events as of
the date of this document and are based on our management’s current
expectations, estimates, forecasts, projections, assumptions,
beliefs and information. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. All such forward-looking statements are
subject to risks and uncertainties, many of which are outside of
our control, and could cause future events or results to be
materially different from those stated or implied in this document.
It is not possible to predict or identify all such risks. These
risks include, but are not limited to, our ability to consummate
liquidity and primary capital solutions transactions on terms
desirable for the Company, or at all, and the risk factors that are
described under the section titled “Risk Factors” in our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, and other filings with the Securities and
Exchange Commission (the “SEC”). These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this document and
in our SEC filings. We expressly disclaim any obligation to
publicly update or review any forward-looking statements, whether
as a result of new information, future developments or otherwise,
except as required by applicable law.
No Offer or Solicitation
This press release does not constitute an offer to sell, a
solicitation to buy or an offer to purchase or sell any securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Securities to be
issued pursuant to Ben’s liquidity and primary capital solutions
transactions have not been registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
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