Litigation Capital Management reports strong fiscal year

Litigation Capital Management has reported a strong fiscal year in the 12 months to 30 June 2022. Highlights include:

  • Fund I fully committed and two thirds of the targeted US$300m raised for Fund II with commitments commenced;
  • A year over year increase in investment performance with adjusted operating profit improving by 23% to A$20m;
  • Overall commitments were in line with the prior year at A$104m, while applications decreased from 572 to 442;
  • Commitments increased to A$414m by 30 June 2022, with further commitments in Fund II bringing assets under management to A$452m at 31 August 2022;
  • Total capital invested decreased from A$88m to A$66m; and
  • an 11-year cumulative internal rate of return of 79% and cumulative return on invested capital of 163%, inclusive of losses.

 

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Danny Kinnear Joins Litigation Capital Management

Danny Kinnear has joined Litigation Capital Management as Global Head of Corporate Origination. Danny brings to LCM more than 20 years of experience across various areas of risk management and finance gained within Investment Banking. Most recently, he was European Head of Structured FX Sales for Deutsche Bank.

In the News

GreenX says GBP737 million claim against Poland proceeding “at pace”

GreenX Metals Ltd, a Perth, Australia-based mining company, said its £737 million arbitration claim against Poland, which alleges that Poland has breached its obligations under the applicable treaties through its actions to block the development of the company’s Jan Karski and Debiensko mines, is proceeding at pace following the company’s submission of its statement of reply in the arbitration. The claim is backed by Litigation Capital Management.

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