Bentham launches US investment vehicle
Australia-based litigation funder IMF Bentham has launched a $200 million investment vehicle, on behalf of its US affiliate Bentham IMF, which will be exclusively used to finance its US cases and investments.
Bentham has launched the new facility with its unnamed partner, affiliated with one of the hedge funds, who decided to commit $150 million and with further $50 million declared by IMF Bentham.
According to Bentham's US chief executive, Charlie Gollow, the capital raise would allow to increase the average size of investments.
IMF's chief executive, Andrew Saker, said: "Bentham has established an impressive track record within the United States over the past six years."
"This fund affords us additional capital to maintain that position while meeting the demand we expect to see in the market in the next three years.
"It will also enable us to scale up our US operations accordingly, with the launch of one new office this quarter and another on the horizon."
The company also announced it was considering the launch of a separate funding vehicle to back non-US investments in the coming year.
AUTHOR
Oksana Patron
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