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Announcements Commercial

Litigation Capital Management (AIM:LIT) announces settlement in principle of litigation project

Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, announces that a settlement in principle has been reached in respect of one of its litigation projects.

Highlights

  • The project relates to an open class action LCM funded on behalf of certain former shareholders in a resources company formerly listed on the ASX
  • Expected to contribute between A$8-10 million to EBITDA for the current financial year to 30 June 2019; with all capital invested also being recovered
  • Favourable metrics for the project with the expectation of returns ahead of the last reported cumulative performance
  • The litigation project was managed to this settlement in principle in approximately 21 months
  • Fourth litigation project that LCM will complete in the current financial year
  • The settlement in principle of the class action will be documented in a Deed of Settlement that is expected to be executed shortly

The project relates to an open class action LCM funded on behalf of certain former shareholders in a
resources company formerly listed on the ASX. The other party is an international professional
services company and prior to a final hearing (scheduled before the Supreme Court of New South
Wales), both parties participated in a mediation where the settlement in principle was reached.

The settlement in principle of the class action will be documented in a Deed of Settlement that is
expected to be executed shortly. The terms of the settlement are confidential, and the settlement is
then subject to court approval. Class actions represent one of several types of litigation projects that
LCM provides funding for across single-case and portfolio funding, as well as international
arbitration, commercial claims and claims arising out of insolvency.

Patrick Moloney, CEO of LCM, said: 

“This settlement in principle demonstrates LCM’s experience in class actions in Australia, while producing favourable metrics through active project management. We have delivered a successful resolution for former shareholders in this resources company within a relatively short time period for a class action of this type.

“We remain encouraged by all the opportunities LCM is seeing as a London listed company and while class actions are part of our heritage, we have a diverse portfolio and pipeline of litigation projects including insolvency, international arbitration and corporate portfolios.”

About 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 since December 2018, trading under the ticker LIT.

As at 31 December 2018, LCM’s cumulative IRR calculated since 2012 (inclusive of losses) was 78%.
Similarly, LCM’s cumulative ROIC was 117%. Both the IRR and ROIC are exceptional figures for the
industry and are testament to the consistent quality of LCM’s approach to funding litigation projects
and investments. The average time to completion was 27 months, as at 31 December 2018.

www.lcmfinance.com

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Announcements Commercial

International Legal Finance Association (ILFA) Announces End of Year Gala and Inaugural Legal Finance Awards

By John Freund |

 The International Legal Finance Association is pleased to announce its annual End-of-Year Gala Dinner on November 13, 2025.  The event will take place at The Law Society in London, bringing together leading figures from across the legal finance industry for an evening of celebration and reflection on the year’s achievements.  

The dinner will be accompanied by the inaugural Legal Finance Awards.  The awards are designed to recognize and honor excellence across the legal finance ecosystem. They will spotlight the achievements of funders, law firms, brokers, advisors, and other key contributors to the continued growth and innovation of the industry. Nominations for the awards are now open, with the nomination form available here. 

“The Gala Dinner is a chance for our members and guests to gather in person and celebrate the progress we've made over the year,” said Rupert Cunningham, Global Director of Growth and Membership Engagement at ILFA. “We are especially excited to launch the Legal Finance Awards, which will shine a light on the outstanding work and impact of professionals across our field.”

Tickets for the Gala are on sale now, with discounted pricing available for ILFA members.  More information can be found here.

Announcements Commercial Legal Innovation

Sentry Expands Free Funding Market Search for Litigators

By John Freund |

Sentry Funding’s free tool enabling litigators to instantly search the funding market on behalf of clients has been expanded.

Sentry’s free ‘decision in principle’ feature enables lawyers to evidence to clients that they have conducted a broad market search, even if funding is not ultimately taken out.

Having deployed £125m in funding across a range of case types, Sentry now has access to an even broader funding marketplace, covering 34 global jurisdictions. Finance is provided by 13 funders, five of which are members of the Association of Litigation Funders.

With the recent addition of Sentry’s first US-based funder, the US offering will now be expanding over the next few months. 

A faster process

Sentry has deployed the latest technology to make the search for funding even easier. 

  • The intuitive application process now only asks questions relevant to previous answers, saving lawyers time.
  • The commercial marketplace has been redeveloped with 63 new data points added to the funder criteria matrix - improving the accuracy of case / funder matching
  • Sentry has also begun building out its AI capabilities, starting with an automated auditing tool for live case progression audits. 

Tom Webster, chief executive officer at Sentry Funding, said:

‘By broadening our reach and speeding up the process, we’re making it even easier for lawyers to raise funding. We’re also giving litigators an easy way to show clients they have fully researched the market, rather than just approaching one or two funders. 

‘The service is free to use, so even if clients decide they do not ultimately want funding or if none is available for that case, for the lawyer, it makes sense to use our “decision in principle” feature, so they can put evidence on file that they did check the market.’

Sentry Funding is an SaaS (software as a service) technology provider that gives solicitors access to a diverse marketplace of litigation funders. It works with solicitors, funders and third-party providers to ensure claimants are getting the most efficient service for their funding needs. 

The Sentry Portal also acts as a case management system that runs a transparent digital case file for solicitors, funders, after-the-event insurance providers, barristers, cost lawyers and other relevant third parties.

Announcements Commercial

NorthWall Capital Hits €2.9 B AUM on Private Credit Momentum

By John Freund |

NorthWall Capital has rocketed past €2.9 billion in assets under management after pulling in an additional €1.6 billion of institutional capital in 2025 alone. The London-based alternative credit manager says the surge reflects allocators’ intensifying hunt for scaled, multi-strategy platforms as Europe’s banks retrench and borrowers seek bespoke sources of credit.

A press release from NorthWall Capital details first-close totals across four distinct strategies. The flagship Credit Opportunities fund secured €731 million—already eclipsing its prior vintage—while the newly launched Senior Lending vehicle raised $503 million, translating to roughly $750 million of deployable firepower once leverage is applied. Asset-Backed Opportunities collected €252 million for collateral-rich loans in sectors underserved by traditional lenders, and the specialist Legal Assets platform locked down $169 million to extend the firm’s law-firm lending programme.

Founder and CIO Fabian Chrobog said the fundraising validates “the consistency of our approach” and NorthWall’s ability to craft solutions that resonate with investors and counterparties alike. With headcount slated to hit 40 by year-end, the firm plans to lean further into complex, situational credit born of bank deleveraging, regulatory shifts and sponsors’ need for certainty of execution.