Funder News

Financial results, capital raises, new hires and other news from funders.

Madoff Fraud Victims Benefit from Rising Recovery Rates

Deminor’s approximately 4,000 clients that fell victim to the Madoff fraud have reached a recovery ratio of 88.35% after the latest round of distributions.

Record New Case Investments

Manolete Partners

Manolete has reported record levels of new case investments for 2023 so far, citing the rush of insolvencies following the end of the two-year artificial suppression of the UK insolvency sector, brought about by the UK Government's reaction to the COVID-19 pandemic.

Burford Capital Provides Update on Strong 2022 Business Activity

Burford Capital otp.tools.investis.com US Securities and Exchange Commission

Burford has shared that it is modifying its fair value approach following a six-month review by the US Securities and Exchange Commission (SEC) into how Burford values its legal finance assets.

Interim results for the half year ended 31 December 2022

LCM Litigation Capital Management polaris.brighterir.com

LCM has announced its interim results for the half year ended 31 December 2022, with highlights including an adjusted loss for the period of A$5.5m, excluding cases settled since 31 December 2022 which would have increased LCM only performance to an adjusted operating profit of A$6.3m.

Litigation funding start-up FightRight Technologies launches Rs 100 crore fund for HNIs

businesstoday.in FightRight Technologies

Litigation funding start-up FightRight Technologies has launched a fund that will invest in 15-20 commercial cases with an average ticket size of Rs 5-7 crore for a tenure of 2-3 years, with an expected annualized return on investment of upwards of 30%.

Close Brothers reveals further Novitas pain

Close Brothers Group PLC Novitas proactiveinvestors.co.uk

Close Brothers Group PLC has reported a 90% drop in adjusted operating profit to £12.6mln during the first six months ending January 2023, after setting aside more than £114.6mln for bad loans relating to Novitas.

Contingency Capital joins International Legal Finance Association

Contingency Capital ILFA International Legal Finance Association

Contingency Capital has joined the International Legal Finance Association (ILFA) as its 20th member.

Philip Lomax of Litica confirms increased insurance capacity

lawyersweekly.com.au Litica

Litica has announced the acquisition of further insurance capacity to support its continued growth and expansion, which will allow it to provide up to around $40million of coverage on a per case basis (the largest in the ATE insurance market), with substantially more capacity available for portfolio transactions.

Paris office opening

linkedin.com Omni Bridgeway

Leon Ioannou and Nevena Ivanova look forward to welcoming international colleagues, clients and friends on 23 March to mark the official opening of Omni Bridgeway’s new Paris office.

Settlement in Australian class action

Litigation Capital Management

Litigation Capital Management has announced a confidential settlement in an Australian class action funded by it. LCM expects to receive revenue of approximately AUD $14million, which includes capital invested of approximately AUD $8.25million together with an expected gross profit of approximately AUD $5.75million.

Litigation Finance Insider

Litigation Finance Insider

Funder News

Madoff Fraud Victims Benefit from Rising Recovery Rates

Record New Case Investments

Burford Capital Provides Update on Strong 2022 Business Activity

Interim results for the half year ended 31 December 2022

Litigation funding start-up FightRight Technologies launches Rs 100 crore fund for HNIs

Close Brothers reveals further Novitas pain

Contingency Capital joins International Legal Finance Association

Philip Lomax of Litica confirms increased insurance capacity

Paris office opening

Settlement in Australian class action

Amel Fenghour joins Innsworth

Weronika Rydzinska joins LitFin – Litigation Financiers

Recent Fundings

Bench Walk backs companion claim against Mastercard and Visa

LCM backs claim against Indian Government

Woodsford funds Dutch class action against Airbus

Delta funds arbitration against Tanzania

Funder News

Madoff Fraud Victims Benefit from Rising Recovery Rates

Record New Case Investments

Burford Capital Provides Update on Strong 2022 Business Activity

Interim results for the half year ended 31 December 2022

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