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B. G., Opalesque Geneva: Gramercy Funds Management and law firm Pogust Goodhead have entered into a $552.5m investment partnership in the form of a secured loan by Gramercy to Pogust Goodhead. This loan is the largest of its kind in a U.K.-based law firm, they say.
Gramercy, an emerging markets investment manager based in Greenwich, Connecticut with offices and lending platforms around the world, offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. It has been in business for 25 years and is SEC and FCA-registered.
Kudu Investment Management, an independent provider of permanent capital solutions to asset and wealth managers, made a minority investment in Gramercy last year. At the time, Gramercy managed $5.4bn. In 2020, the firm appointed Mohamed A. El-Erian, the former CEO and co-CIO of PIMCO, as Chair.
Founded by Harris Pogust and Tom Goodhead in 2018, Pogust Goodhead is an international law firm headquartered in London, with more than 100 lawyers and more than 500 staff members. The firm has been described as "the first legal unicorn", following a trajectory more like a Fintech start-up than a traditional law firm. Pogust Goodhead represents 1.9 million clients in cases across the world, seeking billions of dollars in damages. The firm has become a world leader in environmental litigation.
The loan transaction strengthens the law firm'...................... To view our full article Click here
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