Beneficient Closes $7.44 Million GP Primary Capital Transaction
Beneficient closed a $7.44 million GP primary capital transaction with Quartus AI Fund II LP, issuing Resettable Convertible Preferred Stock to acquire the interest. The deal is expected to increase collateral for the ExAlt loan portfolio and add approximately $7.44 million of tangible book value, with the commitment scalable to $26.25 million if the Fund reaches its $150 million target.
Key figures
- Market cap
- 50646000
- Tbv increase
- 7440000
- Ytd tbv increase
- 17200000
- Commitment amount
- 7440000
- Fund target capital
- 150000000
- Potential max commitment
- 26250000
AI analysis
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