Beneficient closed on the financing of an approximately $3M primary capital commitment for Cork & Vines Fund I, a fund managed by Cork & Vines GP, LP, an asset manager investing in opportunities within the premium experiential, luxury dining segment with a differentiated culinary and strategic wine program focus. The transaction follows the Company's initial GP Primary Capital transaction with Cork & Vines that closed in early 2025. In exchange for an interest in the Fund, the Fund received approximately $3M in stated value of shares of the Company's Resettable Convertible Preferred Stock, which is convertible at the election of the holder into shares of the Company's Class A common stock, subject to the terms and conditions of the transaction documents. As a result of the transaction, the collateral for the Company's ExAlt loan portfolio is expected to increase by approximately $3M of interests in alternative assets.
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.
