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Alternative Market Briefing

Chicago investment litigation firm GLS Capital raises $345m for litigation finance fund

Tuesday, January 28, 2020

Laxman Pai, Opalesque Asia:

Chicago litigation investment firm GLS Capital says it has raised $345 million for its inaugural litigation finance fund.

GLS Capital Partners Fund I's diverse institutional investor base includes global financial institutions, endowments, foundations and family offices.

GLS invests in complex situations involving commercial litigation and arbitration, as well as intellectual property disputes in both the technology and pharmaceutical industries.

"The firm will structure creative and flexible solutions for businesses and law firms that are looking to better manage litigation and balance-sheet risks," said a press release.

The private investment firms focused on legal and regulatory risk is led by attorneys David Spiegel, Adam Gill, and Jamison Lynch, who formed the firm last year. They bring experience at large local law firms, including Kirkland & Ellis and Mayer Brown, and also previously worked at another Chicago litigation investment firm, Gerchen Keller Capital.

They previously executed and managed more than $400 million in investments at two of the world's largest litigation finance providers.

Before entering litigation finance, they were litigators at elite international law firms. Lynch also served as the co-head of global patent litigation at a leading pharmaceutical company.

The firm started investing in cases in 2018 and so far has made 15 investments with plans to deploy an amount totaling more than $50 mil......................

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