TIDMLIT

RNS Number : 3418H

Litigation Capital Management Ltd

24 March 2020

24 March 2020

Litigation Capital Management Limited

(LCM or the Company)

LCM completes final closure of US$150 million fund

Litigation Capital Management Limited (AIM:LIT), a leading international provider of disputes financing solutions, is pleased to announce the final closure of the LCM Global Alternative Returns Fund ( the Fund) . On 10 March 2020, LCM announced to the market a first closure of its third-party Fund at US$140 million.

The final US$10 million has now been subscribed by the asset management division of the large global investment bank which comprised one of the original cornerstone investors in the first closure. The subscription of that final US$10 million commitment brings the Fund to a close at US$150 million.

As previously announced, t he Fund will be seeded with nine single case investments which include international arbitrations, class actions, commercial litigation and investor state treaty claims.

Patrick Moloney, CEO of LCM, commented: "The fact LCM has been able to close its first third party fund so soon after the initial announcement and in a market which is experiencing significant volatility is testament to its disciplined investment approach and the growing number of opportunities available to it."

"It demonstrates that sophisticated investors are seeking to invest in uncorrelated asset classes and in businesses which enjoy counter-cyclical characteristics."

Enquiries

 
 Litigation Capital Management      c/o Alma PR 
 Patrick Moloney, Chief Executive 
  Officer 
 
 
 Canaccord (Nomad and Joint         Tel: 020 7523 8000 
  Broker) 
 Bobbie Hilliam 
 
 Investec Bank plc (Joint Broker)   Tel: 020 7597 5970 
 David Anderson 
 
 
 Alma PR                            Tel: 020 3405 0205 
 Rebecca Sanders-Hewett             LCM@almapr.co.uk 
 Justine James 
 David Ison

NOTES TO EDITORS

Litigation Capital Management (LCM) operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is fund and/or asset management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.

LCM has an unparalleled track record, driven by effective project selection, active project management and robust risk management.

Headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.

www.lcmfinance.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCGLGDXLUDDGGS

(END) Dow Jones Newswires

March 24, 2020 03:00 ET (07:00 GMT)

Grafico Azioni Litigation Capital Manag... (LSE:LIT)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Litigation Capital Manag...
Grafico Azioni Litigation Capital Manag... (LSE:LIT)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Litigation Capital Manag...