other material
confidence high
sentiment positive
materiality 0.65
Beneficient closes $7.44M primary capital transaction in Quartus AI Fund II; adds tangible book value
Beneficient
- Closed $7.44M primary capital commitment in Quartus AI Fund II LP, managed by Quartus Capital Partners.
- Issued Series B-11 Resettable Convertible Preferred Stock convertible into Class A common at initial price of $3.6514 per share.
- Commitment can scale up to $26.25M if Fund reaches $150M target capital commitments.
- Transaction adds ~$7.44M to tangible book value; FYTD GP primary capital transactions total $17.2M.
- Second GP primary capital transaction this year with an AI-focused fund managed by Quartus.