Press Releases

The Beneficient Company Group, a Leading Technology-Enabled Provider of Liquidity and Related Services to Investors in Alternative Assets, to Go Public via Combination with Avalon Acquisition Inc.

PRESS RELEASE
Dallas, TX – September 20, 2022 – Avalon Acquisition Inc. (“Avalon”) (NASDAQ: AVAC), a publicly traded special purpose acquisition company, today announced a definitive merger agreement with The Beneficient Company Group, L.P. (“Ben” or “the Company”), a technology-enabled platform providing liquidity, data, custody and trust services to holders of alternative assets, that will result in the Company becoming publicly listed.

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The Beneficient Company Group Appoints Emily Bowersock Hill to its Board of Directors

PRESS RELEASE
DALLAS – April 1, 2022 – The Beneficient Company Group, L.P. (Ben), a leading technology-enabled fiduciary financial institution serving the new emerging market demand from investors seeking regulated fiduciaries that provide liquidity, custody and trustee management services for their alternative assets, today announced it sold a participation in a loan collateralized with alternative asset funds to affiliates and advised (or related) entities of Prosperity Asset Management, LLC (Prosperity).

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The Beneficient Company Group Sells Initial Loan Participation with Exposure to Alternative Assets to Prosperity

PRESS RELEASE
DALLAS – March 28, 2022 – The Beneficient Company Group, L.P. (Ben), a leading technology-enabled fiduciary financial institution serving the new emerging market demand from investors seeking regulated fiduciaries that provide liquidity, custody and trustee management services for their alternative assets, today announced it sold a participation in a loan collateralized with alternative asset funds to affiliates and advised (or related) entities of Prosperity Asset Management, LLC (Prosperity).

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Maria Rutledge Named Ben’s Chief Technology Officer

PRESS RELEASE
DALLAS — August 1, 2021 — In her new role, Maria will oversee all of Ben’s proprietary systems, customized data management solutions, artificial intelligence and automation, and robust application stack as Ben seeks to meet growing demand for liquidity and other services in the alternatives market.

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