UK-based Apex Litigation Finance has announced the upcoming appointment of Mark Sands as Head of Insolvency. Mark will join the firm in January 2022, assuming overall responsibility for the company’s presence in the insolvency sector. Mark has more than 35 years’ experience in the insolvency profession, most recently in a senior role at Quantuma. A former President of the Insolvency Practitioners Association, Mark’s career previously included roles at KPMG and Tenon.
As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.
Apex Litigation Finance has begun marketing its second fund, less than two years since launching the company and its first investor fund. The firm is seeking to raise £50 million to continue its focus on investing in small to mid-size claims. Investors wishing to explore the opportunity available are encouraged to contact Apex.