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LCM TO COMMIT CAPITAL OF A$100 MILLION IN AUSTRALASIA DURING 2019

SYDNEY, 11 March 2019: Litigation Capital Management (“LCM” or “the Company”), a leading international provider of litigation financing solutions, announces its intention to commit A$100 million of capital into Australasian litigation finance projects during 2019.

The capital commitment will be invested across all types of litigation finance projects that LCM typically funds, although the Company expects a significant proportion to be allocated to funding corporate portfolio projects across the region.

There is a significant growth opportunity for LCM to finance corporate portfolio projects, where funding and risk management solutions are provided directly to corporate entities across a number of cases. This is a market that is still new and largely under-developed in the region and is therefore viewed as key area for LCM’s future growth.

LCM’s team includes a number of pioneers in this space, who have significant experience of originating and structuring such transactions, which allow a company to remove the financial risk of undertaking litigation and the detrimental accounting effects that accompany it.

Patrick Moloney, CEO of LCM, said: “The success of our listing on the AIM component of the London Stock Exchange means that we are able to commit capital on a larger scale to high-quality litigation finance projects. Our heritage is in Australasia, a market we have operated in for over 20 years, and we are pleased to announce a commitment of A$100 million in capital to this key region for LCM. Whilst we see strong growth potential across all types of projects that we finance, we are particularly excited about the opportunities in the corporate portfolio space.

“Our team includes some of the most experienced practitioners globally in developing corporate portfolio transactions, which are nuanced and complex, with different value drivers and success factors to single-case litigation finance projects. However, they make complete sense for the client and elevate the funders position to one of being a true corporate finance provider.”

About Litigation Capital Management (LCM)

Litigation Capital Management (“LCM”) is a leading international provider of litigation financing solutions. This includes single-case and portfolio; across class actions, commercial claims, claims arising out of insolvency and international arbitration. 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 has been listed on AIM (part of the London Stock Exchange) since December 2018, trading under the ticker LIT. www.lcmfinance.com

 

 

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