Slide 1: Unlocking the Value Trapped in Alternative Asset Investments
Unlocking the Value Trapped in Alternative Asset Investments Liquidity The Ben® Way: We've built a rapid, secure, online way for customers to exit alternative asset investments for cash, equity, or debt securities based on the customer’s individual liquidity needs. See important disclosures on slide
Slide 2: Beneficient (BENF) Overview
Beneficient (BENF) Overview • $13 trillion1 in alternative assets held by investors globally • Medium-to-High Net Worth (MHNW) investors, Small-to-Medium Sized Institutions (STMI), and general partners seeking liquidity solutions for their end-of-life alternative investment funds are often underserv
Slide 3: What Problems Does Ben Solve?
What Problems Does Ben Solve? Liquidity for LPs and GPs and primary capital solutions for GPs AltAccess Online Platform delivering trustee and custody services with data analytics for all owners of professionally managed alternative assets Mid-to-high net worth and smaller Increasing demand for earl
Slide 4: Liquidity & Primary Capital Solutions for Almost All Asset Types and Vehicles
Liquidity & Primary Capital Solutions for Almost All Asset Types and Vehicles Provides a modernized & regulated method of delivering liquidity, capital and related services to investors in most alternative assets Private Leveraged Private Venture Structured Real Assets Equity Infrastructure Equity C
Slide 5: Ben Offers Multiline Products and Services
Ben Offers Multiline Products and Services MHNW & STMI Solutions Ben’s liquidity & primary capital solutions and General Partner Solutions Mid-to-High Net Worth services are designed to fill the unmet needs of Individuals & for Sponsors, Managers, General Partners & the MHNW and STMI alternative ass
Slide 6: Growing Liquidity Needs Coupled with GP Fundraising Needs Represent a Large and Growing Market Opportunity
Growing Liquidity Needs Coupled with GP Fundraising Needs Represent a Large and Growing Market Opportunity The increasing demand for early liquidity is primarily addressed The increasing demand for primary capital commitments for through the secondaries market, which caters to large institutions GPs
Slide 7: LP Liquidity: Ben's Projected Target Market
LP Liquidity: Ben’s Projected Target Market High-net-worth individual investors and small-to-mid-sized institutional investors represent a growing but traditionally underserved liquidity market 106 One of the highest One of the highest growing asset classes One of the highest growing wealth growing
Slide 8: GP Monetizations & Primary Capital Solutions: Ben's Projected Target Markets
GP Monetizations & Primary Capital Solutions: Ben’s Projected Target Markets Over $400B in general partner managed funds with identifiable liquidity and fundraising needs based on fund life cycle Monetization Program Target Market Primary Commitment Program Target Market 1360 Funds $350,000 $330,916
Slide 9: In-Market Strategy To Meet Industry Demand for Liquidity
In-Market Strategy To Meet Industry Demand for Liquidity Omnichannel approach designed to serve our customers: alternative asset investors and general partners Source of Distribution Demand Channel Why It’s Important Ben Approach Results to Date (May 1, 2024) GP-led liquidity events now account •
Slide 10: AltAccess®: Ben's Tech Platform for Customer Engagement & Transactions
AltAccess®: Ben’s Tech Platform for Customer Engagement & Transactions A first-of-its-kind technology platform, AltAccess serves as the centralizing hub of our business and is an interactive, secure online entry point through which our customers receive end-to-end delivery of liquidity, primary capi
Slide 11: A Comprehensive, Proprietary Enterprise Fintech Platform
A Comprehensive, Proprietary Enterprise Fintech Platform Submission of eight non-provisional patent applications with the U.S. Patent Office covering proprietary technology Ben’s proprietary AltAccess platform enables end-to-end, secure, systems and methodologies that drive our core business, and re
Slide 12: Ben's Statutory First-Mover Advantage
Ben’s Statutory First-Mover Advantage One of the industry’s first regulated, tech-enabled, online platforms for delivering liquidity from alternative investments Operating as a principal without Operating as the industry’s only the need for intermediaries and regulated fiduciary acting as providing
Slide 13: Other Liquidity Solutions Often Have Fallen Short
Other Liquidity Solutions Often Have Fallen Short Uncertain Uncertain Manual Complex Unknown Size of LP Expensive Closed Potential buyer timeline process Transaction path to exit interest architecture closing delays interest Auction-Based Platform X X X X X X Secondary Funds X X Size of XLP interest
Slide 14: Leveraging Digital Technology to Provide Secure & Rapid Exits
Leveraging Digital Technology to Provide Secure & Rapid Exits Faster timelines are made possible by Ben AltAccess , a digital secure AT&T NetBond® certified tech platform designed to deliver exit options and related custody and trust services to owners of alternative assets Traditional Providers Non
Slide 15: Transaction-Planned Economics
Transaction-Planned Economics All transaction-related fees embedded into the determination of the Advance Rate, allowing customer to avoid out-of-pocket payment of fees TARGET REVENUE1 CUSTOMER NEED 50% interest 50% recurring BEN BUSINESS UNIT Ben AltAccess Online platform access Enterprise end-to-e
Slide 16: Transaction-Planned Economics
Transaction-Planned Economics All transaction-related fees embedded into the determination of the Advance Rate, allowing customer to avoid out-of-pocket payment of fees Ben ExchangeTrust® Hypothetical Transaction1 Revenue Summary Net Asset Value2: $1,000,000 Assumed Asset Growth: 7.0% per annum Base
Slide 17: Endowment Model Portfolio Built Through Ben's OptimumAlt Model and Other IP
Endowment Model Portfolio Built Through Ben’s OptimumAlt Model and Other IP Industry Sector(1) Geography (2) Investment Strategy(3) Status(4) Household & Net Other Assets, Hedge Pers. Prod. Other Earnouts, Escrows Fund Food & Bev Europe Africa Private Equity - Private Debt Public Software South Comm
Slide 18: Beneficient's Strong Management Team
Beneficient’s Strong Management Team Brad K. Heppner CHIEF EXECUTIVE OFFICER 30+ years industry experience in finance and the alternative asset space PRESIDENT of FIDFIN TRUST AND CHIEF FIDUCIARY OFFICER 25+ years industry experience in wealth management and fiduciary advisory services 8 *Mr. Welday
Slide 19: Experienced Board of Directors
Experienced Board of Directors Brad K. Heppner DIRECTOR, CEO AND CHAIRMAN OF THE BOARD 30+ years alternative asset and financial institutions experience, Chairman of the Board and CEO, Prior: Founder and CEO of The Crossroads Group; Founder of Capital Analytics; previously with Bain & Company, MacAr
Slide 20: Ben's Competitive Advantages
Ben’s Competitive Advantages Technology Ben’s structures, systems and methodologies are designed to enable us to service our clients in a seamless, efficient manner. 01 Our patent-pending intellectual property embedded in Ben’s systemwide intelligence includes computer implemented Publicly Traded
Slide 21: Important Disclosures
Important Disclosures This presentation is for educational and informational purposes only Liquidity exit strategies offered may not include all options and may vary over time; all exit options, including historic options such as cash, may not be available or offered to prospective customers at any
Slide 22: Investor Relations Contact
Investor Relations Contact investors@beneficient.com Beneficient Contact askben@beneficient.com Public Webpage www.trustben.com Get A Quote AltQuote.com
Slide 23: See important disclosures on slide 21
23 See important disclosures on slide 21
Slide 24: See important disclosures on slide 21
24 See important disclosures on slide 21
Slide 25: Ben Assumptions & Calculations for Projected Target Market (Slide 8)
Ben Assumptions & Calculations for Projected Target Market (Slide 8) • Estimates of holdings by investor classifications based on (i) historical North American private capital assets under management (AUM) data from Preqin (excludes hedge funds) and historical North America hedge fund AUM data from