InvestmentJul 13, 2026, 05:01 PM
Beneficient Invests $7.44M in Quartus AI Fund II LP
AI Summary
Beneficient announced it has closed a $7.44 million primary capital commitment in Quartus AI Fund II LP, an AI-focused fund managed by Quartus Capital Partners LLC. This marks Beneficient's second GP primary capital transaction this year with Quartus, expanding its GP Primary Commitment Program. The investment, made in exchange for convertible preferred stock, is expected to increase collateral for Beneficient's ExAlt loan portfolio and add $7.44 million to tangible book value attributable to stockholders. The fund targets growth stage AI companies across various high-growth sectors.
Key Highlights
- Beneficient closed a $7.44 million primary capital commitment in Quartus AI Fund II LP.
- The investment was made in exchange for shares of Beneficient's Resettable Convertible Preferred Stock.
- The commitment can scale up to $26.25 million if the fund reaches $150 million in capital commitments.
- The transaction is expected to increase collateral for the ExAlt loan portfolio by $7.44 million.
- It is also expected to add $7.44 million of tangible book value attributable to stockholders.
- Year-to-date, GP primary capital transactions have contributed $17.2 million in tangible book value.
- Quartus AI Fund II LP targets growth stage AI-based and AI-enabled companies with over $5 million in revenue.
Price Impact
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