Litigation Capital Management releases interim results

Litigation Capital Management has released its interim results for the half year ended 31 December 2020. Assets under management have grown to A$322 million and the company is reporting a cumulative ROIC of 135% and an IRR of 78% over the past 9 and a half years. Similar to other funders, it notes that it has been receiving increased applications for insolvency and restructuring disputes as moratoriums against appointments are relaxed in global markets. Read more.

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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.

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