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Brad Heppner, founder and CEO of The Beneficient Company Group. [Video still: Beneficient]
Dallas Financial Services Firm Beneficient Company Group to Go Public in $3.5B SPAC Deal
by Kevin Cummings | Sep 21, 2022
Founded in 2003, Beneficient aims to be listed on the Nasdaq via a merger with San Francisco bank-check company Avalon Acquisition Inc. The deal values Beneficient—whose end-to-end platform provides liquidity, data custody, and trust services for alternative asset holders—at $3.5 billion.
“We're working to democratize the industry starting with a simple, secure, rapid and cost-effective solution to what we saw as the most foundational and pressing need: liquidity," says founder and CEO Brad Heppner.
