Press Releases

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

PRESS RELEASE
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
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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Official Seal of the TEFFI Act

Ben Receives Conditional Trust Banking Charter from Kansas State Banking Commissioner

PRESS RELEASE
DALLAS — July 6, 2021 — Ben announced the issuance of a conditional trust banking charter from the Kansas State Bank Commissioner to establish a fiduciary financial institution within the State of Kansas. The conditional charter, issued July 1, 2021, marks the beginning of Ben’s role as pilot under a new set of industry regulations enacted within the State of Kansas through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

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