New funder enters market with $1 billion of capital

The former owners of litigation insurance broker TheJudge Group have launched a new litigation finance fund with the Thomas Miller Group following the latter’s acquisition of the broker last year. The new fund – Erso Capital – will have access to more than $1bn of capital through its discretionary funds, single managed accounts and co-investment funds. The fund will be led by founders and former TheJudge owners Matthew Amey, James Blick and James Delaney. Read more.

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In the News

UK litigation funders’ war chests grow as class action interest mounts

UK-based litigation funders have amassed record war chests to finance the growing interest in class action law suits, according to a new study by RPC. Litigation funders’ assets jumped 11% last year to hit £2.2bn, almost double the £1.3bn that had been built up in 2017/18 and a more than ten-fold increase over the past decade. RPC’s analysis is based on regulatory data submitted by 15 of the largest UK litigation funders. Raymond van Hulst, EMEA executive director of Omni Bridgeway notes, however, that while low interest rates and excess liquidity had previously driven growth, a combination of rising inflation and higher interest rates means only the most successful funds will likely be attractive going forward and funders with low success rates will struggle.


Consumers’ Association V Qualcomm Incorporated: Preparing To Fight On Anti-Avoidance Endorsements

Sarah Breckenridge of Erso Capital notes that it has become market practice – in competition claims but more widely in litigation – to require claimants to obtain (at further cost) an Anti-Avoidance Endorsement or deed of indemnity in favour of the defendant to augment an ATE policy but explains how, in the recent case against Qualcomm, the claimant’s lawyers were able to convince the Competition Appeal Tribunal that this extra insurance was not necessary in Consumers’ Association V Qualcomm Incorporated: Preparing To Fight On Anti-Avoidance Endorsements.

Funder News

Lionfish Announces Key Hire Of Tanya Lansky As Business Continues To Grow

Tanya Lansky has joined LionFish Litigation Finance in London. Tanya was most recently at global advisory firm Emissary Partners, where she built on her expertise, experience and relationships to play a key role in their successful growth as a disruptive startup. Before that, she was at market-leading brokerage TheJudge Global.

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