Beneficient Secures $3 Million in GP Primary Capital for Cork & Vines Fund
DALLAS, Jan. 08, 2026 – Beneficient (NASDAQ: BENF), a technology-driven platform offering capital solutions and trust services for alternative asset holders, has announced the successful completion of a financing deal amounting to approximately $3 million for Cork & Vines Fund I, LP. This fund, managed by Cork & Vines GP, LP, focuses on investments in the luxury dining sector, centered around a unique culinary and strategic wine program.
Details of the Transaction
The recent financing marks Beneficient's second engagement with Cork & Vines, following a previous GP Primary Capital transaction concluded in early 2025. As part of the deal, the Fund acquired approximately $3 million of Beneficient's Resettable Convertible Preferred Stock. This Preferred Stock can be converted into shares of the Company’s Class A common stock at the discretion of the holder, in accordance with the terms outlined in the transaction documentation.
Notably, this transaction is projected to enhance the collateral for Beneficient’s ExAlt loan portfolio by approximately $3 million in alternative asset interests.
Management's Perspective
James Silk, the Interim CEO of Beneficient, expressed enthusiasm about the new capital commitment, stating, “We are excited by our second closing with Cork & Vines and the continued expansion of our GP Primary Capital Program. It’s a great way to start the new year as we work to continue to close transactions that drive shareholder value and enhance the value of the collateral backing our ExAlt loan portfolio.”
Beneficient's Commitment to Primary Capital Solutions
Beneficient’s GP Primary Commitment Program is designed to provide primary capital solutions and anchor financing to general partners engaged in fundraising initiatives. This program directly addresses the significant demand—estimated at $330 billion—for primary capital commitments, enabling general partners to satisfy their fundraising needs effectively.
About Beneficient
Beneficient (NASDAQ: BENF), often referred to as "Ben," aims to democratize access to the global alternative asset investment market. The company provides services to traditionally underserved investors, including mid-to-high net worth individuals and small-to-midsized institutions, along with General Partners seeking exit options and valued-added services for their funds. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., operates under the Kansas Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Office of the State Bank Commissioner.
Contact Information
- Matt Kreps: 214-597-8200, mkreps@darrowir.com
- Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
- Investor Relations: investors@beneficient.com
Forward-Looking Statements
This article contains forward-looking statements as defined under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve various risks and uncertainties. Actual results may materially differ from those projected due to factors that include the outcomes of various transactions and other considerations detailed in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.