Omni Bridgeway has restated its medium-term targets for assets under management and cost coverage, telling investors it expects annualised AUM growth of at least 10% through FY28.

As reported by GlobeNewswire, the Australian funder is also targeting 70% coverage of its operating costs by FY28. Assets under management stand at A$5.9bn, up 12% since June 2025, representing a 17% compound annual growth rate since June 2022.

The cost coverage trajectory is the more telling figure. The measure has moved from 17% in FY23 to 53% in FY26, as the business shifts weight from its own balance sheet toward third-party capital and fee income. Operating expenses fell 20% in FY26 while new commitments rose 38%.

Chief executive Raymond van Hulst has positioned the group around capital-light growth. FY26 produced record proceeds of A$350.5m, up 49%, alongside A$712.2m in new commitments, A$862m of third-party capital and more than A$1.6bn in total capital formation.

The guidance is a reaffirmation rather than a new disclosure, and the targets were set out in the company's FY26 results cycle. Its value lies in the consistency of the message: Omni Bridgeway continues to tell the market that growth will come through managed funds and co-investment rather than through expanding its own book.

Legal-Bay has introduced an attorney funding and fee advancement program that provides contingency-fee law firms with up to $1m against fees they have already earned but not yet received.

As reported by PR Newswire, the Jersey City-based funder is targeting firms waiting on settlement proceeds. Qualifying firms need a signed settlement agreement and release along with a retainer, and the company says funding can close within two to three business days.

The program sits alongside a broader set of offerings that includes law firm funding against contingency receivables, cash advances, settlement funding and case cost funding. Chris Janish, Legal-Bay's chief executive and founder, framed the product around lawyers who have already completed the work and are simply waiting to be paid.

The launch builds on the firm's existing attorney-facing business. Legal-Bay opened an attorney funding branch in October 2023 and added a case cost program in May 2025.

Fee advancement addresses a structural timing problem in contingency practice. A firm can win a case and still face a gap of months between the settlement agreement and the arrival of funds, during which payroll, case costs and new matter intake all continue. Products of this kind convert a signed settlement into near-term working capital, and the segment has drawn increasing attention from funders looking for shorter-duration, lower-variance exposure than single-case investment typically provides.