Press Releases - Page 3 of 3

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

Ben UpdatesBy admin April 1, 2022

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).

The Beneficient Company Group Receives Charter from the State of Kansas

Ben UpdatesBy admin January 20, 2022

PRESS RELEASE
DALLAS — January 3, 2022 — The Charter enables Ben to serve as a regulated fiduciary in providing liquidity, custodial and administrative management services to alternative asset investors and managers under Kansas’ 2021 Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

The Beneficient Company Group Announces Initial $15 Million Community Reinvestment to Kansas as Part of the TEFFI Act

Ben UpdatesBy admin January 19, 2022

PRESS RELEASE
DALLAS — Jan. 20, 2022 — Ben announced an initial contribution of $15 million for the benefit of rural Kansas communities pursuant to the recently enacted Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

The Beneficient Company Group Announces Separation from GWG Holdings, Inc.

Ben UpdatesBy admin November 29, 2021

PRESS RELEASE
DALLAS — November 29, 2021 — The Beneficient Company Group, L.P. (Ben), a leading technology-enabled financial services company serving the growing market of investors seeking liquidity and other fiduciary services for their alternative assets, today announced the effectiveness of amendments.

Maria Rutledge Named Ben’s Chief Technology Officer

Ben UpdatesBy admin October 26, 2021

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.

Ben Receives Conditional Charter from Kansas State Banking Commissioner

Ben UpdatesBy admin October 4, 2021

PRESS RELEASE
DALLAS — July 6, 2021 — Ben announced the issuance of a conditional 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.

The Beneficient Company Group Expands Presence of Its Originations Team

Ben UpdatesBy admin May 18, 2021

PRESS RELEASE
DALLAS — May 18, 2021 — Leading liquidity provider for alternative asset investors today announced three new senior additions as part of an expansion of Ben’s Originations team: Chris Ellis, Jonathon Tupper and consultant Cesar Baez.

The Beneficient Company Group Adds Maureen Downey and Casey Brunner as Managing Directors

Ben UpdatesBy admin December 16, 2020

PRESS RELEASE
DALLAS – December 17, 2020 – The Beneficient Company Group announced it has hired two deeply experienced Managing Directors to strengthen the firm’s Underwriting and Originations teams.

Beneficient Launches Liquidity Platform for Owners of Alternative Assets

Ben UpdatesBy admin August 5, 2020

PRESS RELEASE
DALLAS — August 5, 2021 — Ben announced the launch of a first-of-its-kind liquidity platform and suite of private trust solutions that seeks to offer simple, rapid, and cost-effective liquidity solutions for owners of alternative assets.

Beneficient Announces Appointment of James Silk as Executive Vice President and Chief Legal Officer

Ben UpdatesBy admin July 20, 2020

PRESS RELEASE
DALLAS – December 2, 2019 – The Beneficient Company Group, L.P. (“Ben”), which empowers investors with new liquidity options for their alternative asset portfolios, announced today that James Silk will join the company as Executive Vice President and Chief Legal Officer.