LionFish reports investments in ten cases
UK-based professional services group RBG Holdings plc (AIM: RBGP), has released its audited results for the twelve months ended 31 December 2021. It reports that its subsidiary LionFish Litigation Finance has to date invested £1.8 million in 10 cases, with a full commitment of £10.5 million if the cases are funded through to trial over the next 2-3 years.
The firm’s first case was successfully completed, delivering a return of two times money invested as per strategy.
RBG also reports that in February 2022, LionFish agreed to a £20 million litigation investment arrangement with a large alternative investment firm which will allow the funder to now generate income from settlements and new investments rather than sell participation rights.