Beneficient (BENF) Emerging Growth Conference 79 summary

Financial performance and business model

• Reported $10.30 basic earnings and $0.12 fully diluted earnings per share for the nine months ended December 31, 2024.

• Revenue streams include service fees from trusts invested in alternative assets and performance of private equity holdings.

• Focused on providing liquidity and primary capital for holders and managers of alternative assets.

Market strategy and technology

• Targets underserved markets with over $60 billion in annual liquidity demand from smaller investors and $100 billion from general partners.

• AltAccess fintech platform streamlines complex liquidity transactions online, reducing time and cost.

• PEI data shows fundraising for private equity funds now takes 18 months on average, nearly double from three years ago.

Expansion and leadership

• Added Karen Wendel, an expert in digital assets and blockchain, to the board in November.

• Announced agreement to acquire Mercantile Bank International Corporation, pending closing conditions.

• Hired Louise Jones as Managing Director to oversee capital markets and custody operations.