September 28, 2021

Kerberos Capital Management has announced the introduction of a groundbreaking new direct lending product to law firms with a margin ratchet linked to ESG targets – the first debt product of its kind in Litigation Finance markets. The program is intended both to recognize and reward firms that have already established a commitment to advancing ESG factors in their work, and to incentivize qualifying firms to continue those efforts into the future.
Litigation Capital Management (LCM) has announced its financial results for the year ended 30 June 2021. Despite the disruption caused by COVID, the company saw its number of applications increase from 522 in FY2020 to 572 in FY2021, though the amount of capital committed to new cases in the year was A$109 million, down from A$147 million in the previous year. Overall, the company reports a 10-year cumulative portfolio IRR of 78%.

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