Beneficient unveils upgraded AltAccess platform featuring a new machine-automated pricing system.
Date – 13-Aug-2024
Beneficient Enhances AltAccess Platform with Advanced Machine-Automated Pricing System
Beneficient, a leader in technology-enabled financial services, is thrilled to announce significant advancements to its fintech platform, AltAccess®. The latest update introduces the Machine-Automated Pricing System (MAPS), an innovative tool designed to streamline the pricing and valuation of alternative assets, enhancing the efficiency of liquidity transactions.
Technical Enhancements and Accelerated Processing
The integration of MAPS into AltAccess® represents a major upgrade. This advanced system uses a formula-based pricing model to optimize dynamic pricing and real-time net asset valuations. By leveraging current private market metrics and public market conditions, MAPS enables quicker and more accurate pricing of fiduciary financings. The result is faster liquidity for alternative asset holders and improved primary capital solutions for fundraisers. With MAPS, Beneficient expects to reduce transaction processing times from the industry standard of up to 15 months to potentially as little as 15 days.
Advanced Capabilities of MAPS
MAPS incorporates a new formula-based pricing system that adjusts dynamically based on a wide range of inputs, including the latest market data. This provides customers with up-to-date and precise valuations, facilitating more informed decision-making.
Strategic Implementation and Market Impact
The initial rollout of MAPS will focus on Beneficient’s General Partner (GP) Solutions group, particularly the GP Primary Commitment Program. This program aims to enhance the delivery of primary capital solutions and streamline liquidity transactions for GPs. Beneficient’s new capabilities are set to address the $400 billion market demand for liquidity restructuring and primary capital, reinforcing its position as an innovator in the alternative asset market.
Following the initial deployment, Beneficient plans to expand MAPS across additional markets, targeting high-net-worth individuals, small-to-midsized institutions, and their advisors. This expansion aims to enhance the platform’s offerings, providing greater value to customers and stockholders while meeting the growing demand for efficient, technology-driven investment solutions.
“By leveraging machine-automated processes and extensive market data, MAPS is designed to simplify and accelerate previously complex processes, offering greater transparency and accessibility for alternative asset holders and GPs seeking capital solutions,” said the Company.
