Filipe Matos Frazao
The litigation funder invested $1.3 billion into the fast-growing litigation funding marketplace as it extends its finance offer.
Litigation funder Burford Capital more than tripled its financing last year, according to figures by the funder to the Stock Exchange. The company 2017 made $1.3 billion in new commitments. The new commitments reflect continued growth in demand for capital in its core litigation finance business; access to capital through direct balance sheet investing and its new investment management business, following its 2016 acquisition of litigation funder Gerchen Keller. Christopher Bogart, Burford’s chief executive officer, commented: 'We are delighted with the growth of the business in 2017. The new commitments made during the year have the potential to generate significant future income in the years to come and reflect a robust legal finance market that Burford continues to lead.'