Beneficient Chairman Thomas O. Hicks Passes Away at 79
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Newsfilter
- Industry Pioneer: Thomas O. Hicks passed away on December 6, 2025, at the age of 79, being a pioneer in private equity who co-founded Hicks & Haas in 1984 and Hicks, Muse, Tate & Furst in 1989, reshaping the industry landscape.
- Legacy of Leadership: Hicks served on Beneficient's Board since 2017 and was appointed Chairman in July 2025, providing invaluable experience and vision that guided the company's strategic direction.
- Impact on Dallas: Beyond his corporate achievements, Hicks profoundly influenced Dallas and Texas, owning the Dallas Stars and Texas Rangers, and playing a key role in developing the American Airlines Center.
- Company Commitment: Beneficient's Board and management team are dedicated to honoring Hicks' legacy by continuing to execute the company's mission with the vision and courage he exemplified.
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About BENF
Beneficient is a technology-enabled financial services holding company that provides liquidity, primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess. The AltAccess platform provides end-to-end liquidity, custody, and investment analytics solutions through AltQuote, AltLiquidity, AltCustody, AltData, and AltTrading. The Company's segments include Ben Liquidity, Ben Custody, and Customer ExAlt Trusts. The Ben Liquidity segment is responsible for offering its fiduciary alternative asset liquidity and financing products through AltAccess. The Ben Custody segment delivers products that address the administrative and regulatory burden of holding alternative assets by offering full service bespoke custody and trust administration services, and specialized document custodian services to customers. The Customer ExAlt Trusts segment holds interests in alternative assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
