- Litigation Finance Insider
- Litigation Finance Pioneers Return to Hunt Rare Secondary Deals
Litigation Finance Pioneers Return to Hunt Rare Secondary Deals
Six years after Adam Gerchen and Ashley Keller sold their litigation finance company for roughly $160 million, they’re back with a new plan: Buying up pieces of lawsuits from their old competitors. The pair’s new venture has raised $750 million for the first litigation fund aimed at secondary transactions. Gerchen’s new fund has deployed about $225 million, and one of its deals became public for the first time last week. It purchased a 30% claim from Omni Bridgeway in an Australian class action over “combustible cladding,” building materials prone to catch fire. Gerchen Capital paid $19.5 million, generating a $16 million profit for Omni Bridgeway, according to a regulatory filing.