The Beneficient Company Group L.P., a provider of trust and liquidity services to owners of alternative assets, has hired Maureen Downey and Casey Brunner as managing directors.
Downey will serve as managing director of underwriting, and Brunner will serve as managing director, head of sponsor firm preferred liquidity program, and will oversee the South region for the company’s originations team.
Downey joins Beneficient after serving as managing director, portfolio manager, and head of new product development at SharesPost 100 Fund, and previously held senior investment roles at Pantheon Ventures and Goldman Sachs. She earned an MBA from The Wharton School of the University of Pennsylvania, an international MBA from the Rotterdam School of Management, and two bachelor’s degrees from Claremont McKenna College.
In her role as managing director of underwriting, Downey is tasked with driving the ongoing development and execution of Beneficient’s valuation and risk management models.
Beneficient said that her experience creating alternative asset investment products and services, as well as an investing in private equity and secondary assets, will add value to the company as it builds its liquidity platform and related service offerings in the alternatives space.
Brunner joins Beneficient from his role as co-founder and managing partner at Gondola Capital, where he provided advisory and placement agent services for alternative investment fund managers seeking capital acquisition within the institutional and private wealth channels.
During his career, he has also held senior leadership positions at Invesco Ltd, Hatteras Funds LP, and The Rock Creek Group. Brunner received an MBA from Northwestern University and a bachelor’s degree in finance from Indiana University.
As head of Beneficient’s sponsor firm preferred liquidity program, Brunner will lead the effort to offer general partners and sponsor firms a solution for providing liquidity to their limited partners. In addition, he will oversee the company’s originations efforts in the South region, one of seven regions that make up its national advisory channel.
The Beneficient Company Group’s liquidity services are available for most types of professionally managed alternative asset investments and can be customized to suit individual circumstances. In 2019, Beneficient completed a series of transactions with GWG Holdings Inc. (Nasdaq: GWGH) to expand its distribution platform.