Beneficient (NASDAQ:BENF) Q3 2024 Earnings Call Transcript

JeffWelday: Hi, Jennifer, this is Jeff Welday. I’ll go ahead and take that question. So, as you noted, and I mentioned in my earlier comments, we have multiple complementary channels of origination, where we have source deal flow and closed business. Those three channels, again, are General Partners solutions, our advisory platforms channel, and then our direct to investor channel. And GP Solutions is really the primary channel that, we’ve built the business on to-date. Ben’s current balance sheet was built by successfully closing on liquidity financings, collateralized, but over $1 billion of NAV, for multiple fund sponsors through our GP Solutions channel since 2017. So, our GP Solutions offerings, which are really targeted at fund, General Partners and sponsors.

Rather than limited partners, cover a variety of liquidity, capital, and custody and trust administration products and services that, may be offered to the approximately 2,000 General Partners that fall within Ben’s target market. And as a result, we see GP Solutions continuing to be a significant potential contributor, to the growth of our balance sheet in addition, to our other channels of origination, the advisory platform channel and the direct to investor channel. And thanks for asking the question.

Jennifer Scutti: Yes, thank you. That was very helpful.

Operator: That concludes today’s question-and-answer session. I’d like to turn the call back to Dan Callahan for closing remarks.

Dan Callahan: Thank you to Brad, Jeff, and Greg, and to everyone who tuned into the webcast today. To keep up with news and events about Beneficient, we encourage everyone to go to our website, trustben.com, and our investor pages, shareholders.trustben.com. Again, thanks to all and have a great rest of your day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.