LCM investment yields 195% IRR

LCM has announced the delivery of an award in favour of the funded party in an international arbitration, under the LCIA (London Court of International Arbitration) rules. The arbitration, seated in London and brought under the rules of the LCIA was for the determination of a construction dispute relating to a development in the Middle East. The investment forms part of LCM’s Direct Investment Portfolio and was 100% funded from the company’s balance sheet. The investment produced approximately £9.8 million in revenue and produced a 255% ROIC and a 195% IRR. The life of the investment was 26 months. Read more.

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Funder News

Interim results for the half year ended 31 December 2022

LCM has announced its interim results for the half year ended 31 December 2022, with highlights including an adjusted loss for the period of A$5.5m, excluding cases settled since 31 December 2022 which would have increased LCM only performance to an adjusted operating profit of A$6.3m.

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Settlement in Australian class action

Litigation Capital Management has announced a confidential settlement in an Australian class action funded by it. LCM expects to receive revenue of approximately AUD $14million, which includes capital invested of approximately AUD $8.25million together with an expected gross profit of approximately AUD $5.75million.

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