IMF Bentham launches US$500m dispute resolution finance fund

21 June 2019
| By Oksana Patron |
image
image
expand image

IMF Bentham has announced the launch of its new US$500 million fund (Fund 5) which will invest in the non-US dispute resolution finance sector, which is on the rise across Asia, Canada and the EMEA region.

The company said that in those markets this sector was still relatively new but had the potential to become a mainstream global financial product.

Fund 5, which would be IMF’s second non-US fund, would focus on providing finance for law firms, companies, groups and individuals across a broad range of dispute types including insolvencies, group actions, international arbitration and commercial litigation.

The company committed US$ 100 million in cash to the fund while the remaining funds would come from external contributors, which included Partners Capital and funds managed by IMHarvard Managemetn Company, Amitell Capital and Balmoral Wood, it said.

IMF’s managing director and chief executive, Andrew Saker, said: “Demand for dispute resolution finance is growing as a result of increased awareness, the increasing costs of arbitration and litigation and regulatory changes in some jurisdictions which now allow parties to seek dispute resolution finance.

“Demand is particularly strong in Asia and Canada where dispute resolution finance is still relatively new but it is becoming a mainstream global financial product.”

Additionally, investors would have the option to roll into a successor fund on the same terms, to increase the overall new capital commitments to US$1 billion.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago