Beneficient closes initial series of liquidity transaction financings of limited partner interests sourced through preferred liquidity provider program (“plp program”)

– closing of $2 million liquidity financing caps nearly $10 million sourced from plp program – – entered into additional plp program agreements, increasing the total amount of committed capital to funds party to the plp program to $1.5 billion – – plp program now offered alongside beneficient's new primary commitment program for general partners – dallas, jan. 22, 2024 (globe newswire) -- beneficient (nasdaq: benf), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets through its proprietary altaccess® online platform, today announced key milestones and liquidity transaction financing closings sourced through its expanding preferred liquidity provider program (“plp program”) for general partners. as a result of recent increased participation in the plp program, beneficient has now executed plp program agreements with 19 separate alternative asset funds having an aggregate of $1.5 billion in committed capital across various asset classes, vintage years and fund sizes, which represents an increase of approximately $1.2 billion in committed capital from the 7 alternative asset funds that were participating as of january 22, 2023.
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