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Laxman Pai, Opalesque Asia: Therium Capital Management, a Channel Islands-based litigation funder, is launching a new $430m fund, bringing the total value of its institutional investments to over $1bn.
The fresh investment has been gleaned from two existing investors and, for the first time, a sovereign wealth fund, said a press release from Therium Group Holdings.
Therium co-founder Neil Purslow said it is a "huge sign of maturity" in the sector, where investors can expect "private equity type double-digit returns".
John Byrne, co-founder and CEO of Therium Capital Management Limited said: "Raising over $1bn is an important milestone for the industry and underscores Therium's leading position in the litigation finance industry globally. Interest from high quality institutional investors is stronger than ever, driven by the rapid growth of the firm, the very strong outlook for our business globally and our track record."
Therium will use the new funds to continue to invest in litigation and arbitration cases globally across sectors including financial services, energy and mining, industrials, technology, media and entertainment, and across all forms of commercial litigation and arbitration.
Therium invests in a broad range of complex commercial disputes, from securities and shareholder actions, international arbitration, competition and anti-trust cases, through to intellectual property, insolvency and group and class actions.
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