Okay, are we able to hear okay?
Yep, sounds good.
Brendan, I wanna thank you, and I wanna tell you we're very excited to be a part of today's virtual Sidoti conference. I'm also encouraged to announce that, we have passed our one-year birthday as a NASDAQ independent publicly traded company here recently, and last night, when we recorded our quarterly, results, we, for the first time, recorded our first profitable quarter as a new independent public company. So I'm pleased to start off this conversation about Beneficient with those updates. I'm here today... Oh, having trouble. There we go. I'm here today to share with you the problems and needs of the target market we currently address, and the disruptive approach that Ben's team has taken to innovate solutions. Our market participants include the members of the alternative asset markets.
It's had a multi-decade history of growth among most classes of investors in this investment, asset allocation. This tends to lead to problems that need solutions, problems for those investors who don't have the same long-term horizon, the investment horizon that big, sophisticated institutional investors have. This asset class requires an investment horizon of 10-12 years. Many investors don't invest for much longer than 7 years to 5 years, and so Beneficient has innovated new solutions to provide earlier exit liquidity. We've also innovated solutions to be able to provide primary capital to general partners who are out seeking to raise their new funds, who may have challenges in getting anchor commitments, or are busy trying to raise their second and third funds, and need additional capital to support those.
We have built our business to provide liquidity and primary capital solutions, and the services that are attendant to those, such as custody services, serving as a trustee over trusts that invest in these types of assets or seek liquidity out of these assets, transfer agency services, and broker-dealer-type services. While this entire market becomes democratized, we're here to fulfill that democratization by providing capital and liquidity directly from our own balance sheet. We have nine key differentiators that built Beneficient, and we start as a fintech platform. Our fintech platform, we have branded as Alt Access, and that's a bank regulator and examined platform for securing liquidity, for our customers to secure liquidity, for them to secure primary capital, or to receive custody services, trustee admin services, and other fiduciary-type services.
We have built this platform off of eight proprietary patent-pending technologies and two copyrighted software systems that we have internally developed. It's an entirely proprietary platform, and our newest version, which we announced in the past week, is an addition of a Machine Automated Pricing System designed to assist us in valuing transactions at attractive valuations for our shareholders, for the benefit of our balance sheet and our shareholders. For our customers, this platform provides a secure, bank regulator-examined, and a cost-effective, platform to operate from, where they can achieve liquidity, primary capital, or a variety of services at accelerated timelines that far outpace the industry.
Now, as w e were building this platform and wanting it to be regulated by bank regulators, examined and overseen by bank regulators, we needed to also create innovations in legislative statutes and in the regulatory environment. And so we have developed beyond just a fintech platform, but an entire statutory and regulatory customer ecosystem that can provide investors and participants in the alternative asset markets with the confidence that their transactions are being done by a fiduciary, Beneficient, who is fully regulated, examined, and overseen by banking regulators and other regulatory agencies. By building out the platform, by securing all of the charters and licenses to operate as a regulated entity, we've been able now to develop a very diversified revenue stream.
About 30%. Our target is about 30% of our revenues to be in the form of fees, custody fees, trustee fees, transfer agency fees, broker-dealer commissions through our regulated vehicles, and about 70% of our earnings come from the fiduciary financings that we make that are backed by alternative assets. The alternative assets generate the income that we then earn as fiduciary financing income, representing about 70% of our gross revenues. Through our fintech platform, and specifically with the new addition of MAPS, the Machine Automated Pricing System, we seek to attractively to make attractively valued investments or financings that generate attractive revenues for us. Now, to get to our customer base, we have adopted an electronic online process as well. We call this our market awareness strategy. We start by seeing and surveying the market to determine who's aware of us.
We then wanna build that public awareness by looking, by seeing if people will, or customers will, consider doing transactions with us, so purchase consideration... and then we migrate them to a purchase intent, and of course, the success is in the closing of that business. This electronic approach of watching how potential customers migrate through their relationship and involvement and engagement with Beneficient informs us on how successful we are with our online advertising campaigns, such as recently launched ones in partnership with NASDAQ, and in our direct emailing campaigns, our campaigns through LinkedIn, and through Google Ads, et cetera. Getting that awareness out there is important to us because we want to promote our flagship product, which is our ExChange Trust product.
Now, the ExChange Trust product is designed for us to use our common equity as a currency to finance these assets at attractive valuations to our shareholders. Those attractive valuations convert into attractive revenues for Beneficient, and the ExChange Trust product is our flagship product that does that, and we use our market awareness strategy to make that product well known in the marketplace. As we use the ExChange Trust product and onboard assets to our balance sheet, we are building an asset-based balance sheet that we call Optimum Alt.
This is one of our patent-pending intellectual property patents, which assists us in building a diversified portfolio across multiple asset classes in the alternative asset space, and this leads to an optimally diversified base of not only assets, but optimally diversified base of revenues for us, and exposure that our shareholders gain when they buy our stock, and exposure that is akin to building your own alternative asset portfolio. But keeping in mind that we're also earning fee revenues alongside our earnings off of the fiduciary financings backed by alternatives, and those fees come in the form of custody and trustee fees, and so forth. Our leadership team here has a long history at Beneficient, having been here since our first commercialization days, and in leading this strategy of implementing this very innovative approach, and in participating in disrupting the industry to get where we're going.
Here's a little more about our industry. It has seen a very attractive growth. The liquidity bar chart on the left shows the amount of net asset value growth in alternative assets on a global basis. The yellow line shows the amount of liquidity transactions each year, and you can see that net asset value among all investors has grown at a fairly consistent 14% compounded annual growth rate. The yellow line shows a very high correlation that as net asset value grows, investors need liquidity. They need out. They can't wait 12 years. They need out in the fourth, fifth, sixth, seventh year, and that's the point in time in which we're able to attractively price transactions, use our current stock as currency, and onboard the assets as fiduciary financings at Beneficient.
Very high correlation to the growth in our asset class and the need for liquidity. The right side of this chart shows the growth in fundraising, additional capital that general partners continue to raise year after year. What you can see in the last two years is the challenges that general partners are facing in adding more primary capital to make alternative asset investments. And so we've developed a companion product to help fill that void in the industry, our primary capital and our anchor commitment product that is available, which we can roll out in much the same fashion through fiduciary financings like we do when we provide liquidity to limited partners and general partners. Here's a closer look at our marketplace. Across the top of this chart, it shows the drivers of growth.
The first driver of growth is that this is one of the highest growing asset classes overall. More and more people are wanting to invest in the asset class. They're introducing the asset class to their portfolio of investments, so overall, the class has a greater demand for new investors to come in. Second driver of growth is that current investors are continuing to get wealthier, and as they get wealthier, they grow their existing investments in alternative assets. They add more money into those assets. Then the third main driver is that once they're in, they wanna grow their allocation to the alternatives relative to their allocation to stocks and bonds, and they wanna earn the attractive returns that historically alternatives have been presented.
So you have three major compounding factors that lead to growth in overall net asset value of alternatives, and that leads to a greater demand for liquidity out of alternative assets. The bar charts on the bottom show a series of stacks that show, who are these investors? The dark, larger portion of the bottom, those are your big institutions, your pension plans, endowments, foundations, hospitals, and unions that hold nearly $10 trillion of net asset value across the globe in alternatives. But your next one is the small to medium-sized institution. That's an institution with less than a $1 billion balance sheet, and the top bar is mid-to-high net worth individuals.
These are individuals worth more than $5 million based in the United States, and along with the United States-based small to medium-sized institutions, we have over $2 trillion in net asset value held by smaller investors who face deep challenges and problems in gaining earlier liquidity out of alternative assets. We estimate that the demand among those two classes of investors exceeds $50 billion per year, and we estimate that that demand will grow to over $100 billion in the next five years, as the subsequent bar charts show. Now, who all do we serve? On the left side of this chart is our target customers. We focus on the mid to high net worth investor. We focus on the small to medium-sized institution.
We focus on general partners in helping them restructure and gain liquidity out of long in the tooth investments that they have in their funds, and where their limited partners are demanding liquidity, and also in providing them anchor commitments and primary capital to the newer activities and alternative investments that they're wanting to make. We also provide services to commercial banks and margin lenders who are looking to provide loans or secure portfolios of alternative assets. Our systems have been built to develop, as a fintech platform that is regulated and examined, and they've been built to serve all four of these classes of parties for their specific needs, whether that's custodial needs, trustee needs, reporting needs, collateral monitoring, collateral valuation, compliance, and covenant monitoring, and so forth.
Now, the types of alternative assets that we focus on are the 11 classes in the colored honeycomb at the top, starting with private equity, and including such other asset classes as infrastructure and structured credit, natural resources. The types of vehicles that typically hold these types of assets, which we will finance or provide liquidity or primary capital to, include non-traded REITs, feeder funds and fund-of-funds, co-investments, separate accounts, straight limited partnerships, which is the primary one most people hold their investments through, and non-traded BDCs. We provide a variety of products and services, as I've shared in the previous slides.
One is our just getting an AltAccess online subscription to gain access to our products and services, or to gain liquidity through our flagship ExChange Trust product, or many of our other fiduciary financial services that we provide all online on AltAccess. It's a simple platform to work from. This is a good screen that shows some of the dashboards that our investors have access to when they subscribe to AltAccess, when they become a custody client. And if you're an advisor for investors and want to direct your investors to benefit from our products and services, we have advisor dashboards for the registered investment advisors, the family offices, the financial advisors, banks, et cetera, where they can look at one or a combination of their underlying clients who they have been advised on investments in alternative assets.
Now, the benefit of dealing with Beneficient is that we have disrupted our approach. We've disrupted this market, and we have innovated new solutions that have taken what is typically a 15-month-long process for your largest and sophisticated institutions, and we've brought that down to 15 days, all over AltAccess, as a regulated fiduciary, regulated by bank regulators. On the left side of this chart, you can see that our underwriting process, now benefiting from our machine-automated pricing system, takes one to 14 days, and our closing process, through our own integrated transfer agency and broker-dealer firms, since we are a fully integrated, vertically integrated business, that process takes one day, 15 days in total. You can see how long it takes for big institutions who have to hire numerous different law firms, advisors, auctioneers, negotiate documents, can take as long as 15 months.
When dealing with Beneficient, you're dealing with consistent, simple, and efficient forms that are the same for everyone, and they are examined by bank regulators, and they do not require modification for you to gain your liquidity or get access to our custody services. So from 15 months, we've innovated a process to take 15 days to provide earlier liquidity, primary capital, and variety of custody services. When you look at what our balance sheet and how our balance sheet develops, it's based on the financings we provide. As we provide liquidity, as we provide custody services or primary capital, our balance sheet grows through our ExChange Trust product, where we use our stock as a currency to finance attractively valued assets.
When you look at our balance sheet today, you will see we have exposure through collateral to 252 different funds that serve as collateral to the financings that we made. Underlying those, they have over 831 investments. We are broadly diversified by industry sectors, which is the left pie chart, across multiple different geographies, with over 60% based here at home in the United States, and a multiple of different investment strategies, each of these providing a good diversified return of capital and a return of investment income on an optimum basis. This is put together by our Optimum Alt patent-pending technologies that we use in order to make sure that we're properly diversified to achieve a risk-adjusted rate of return that's very attractive to our shareholders.
Our management team here, as I said, have been here for since the outset of our commercialization, including our Chief Financial Officer, Chief Underwriting Officer, our Chief Technology Officer, who's built and overseen the architecture, development, and construction of our systems. The head of our global overall originations, and his team, that seeks our customers and onboards the financings that we make backed by alternative assets, and our Chief Fiduciary Officer and President that oversees all of our regulated entities, have been here since the outset of the commercialization of Beneficient. The seven of us have worked as a tight team daily, and we are, we are dedicated and determined to build Beneficient into a very attractive NASDAQ-based business.
Our Board of Directors is made up of industry icons and pioneers, including pioneers of the alternative asset industry from 40 years ago, including executive investment officers for public pension plans and long-serving career partners among the top 4 largest accounting firms in the United States. We're supported by this board by a team of advisors that include former Federal Reserve Bank presidents and former senior partners at large securities law firms. I'd like to really spend a minute and talk about our competitive strengths that are unique to anyone else wanting to enter in and compete with us. First, our fintech platform is the first. It's proprietary. We broke the code. One of our largest teams here is our tech team. It is a copyrighted software code. It is examined by the banking regulators.
It is scored by the banking regulators for everything from cybersecurity to transaction processing, to confidentiality. So we are focused on providing our customers with an online AltAccess experience that's safe, and that's secure, and that's a sound process for them to transact with us. Second, we've been a leader in working on state legislation and on new regulation so that our business, and each of the aspects of our business, may be regulated and examined in order to give the confidence and in order to give the transparency to our customers, but also to our shareholders, so that when we publicly report, we're publicly reporting exactly the same type of data that is being examined by our regulators and our auditors and internal auditors.
And our third strength is, we're the first public company that has the ability to use our balance sheet and provide liquidity through fiduciary financings in the United States. We're the first public company that has a focus on combining those fiduciary financings, backed by alternative assets, with a series of custody and trust services, transfer agency services, and broker-dealer services. And by using our stock as a currency to onboard onto our balance sheet very attractively priced financings, we're then able to build an optimum alt exposure to a broad basket of alternative assets that is our second form of income and second form of cash flow for the company. Broadly diversified, like an endowment model for your largest endowment university endowments in the United States.
These competitive strengths set us apart from all of our competition, but also highlight our strengths as the first public company out there, and now having come off of our first quarter with profitable results as well. We have important disclosures here on this page that I wanna make sure everybody notes, and I would direct everyone to our public filings as well. Our presentation is made available to you, and it includes some additional exhibits that share with you our revenue model and how our fees and revenues, and our earnings, our interest income and earnings that we earn off of our fiduciary financings backed by alternatives, how each of those are calculated, and the rates and so forth that we earn.
There's additional information regarding the regulatory oversight that we sought and that we comply with. I wanna thank you for your time today, and ask if you have any questions, please go to the investor website and let us know any questions that you may have. Brendan, I appreciate this time to have been able to present Beneficient for you.
Likewise, Brad. Thank you very much for the overview and presentation. We appreciate it. Thank you, everybody, for joining as well. Take care, Brad. Take care, everybody.
Thank you.