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Andrew Saker, IMF

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Litigation funder Bentham launches USD200 million US investment vehicle

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Australia-based litigation funder IMF Bentham, on behalf of its US affiliate Bentham IMF, has launched a USD200 million vehicle expressly to back its growing US portfolio.

This is the parent company’s first formal investment vehicle and will be used exclusively to finance its US cases and investments. Bentham’s unnamed partner, affiliated with a prominent hedge fund, is committing USD150 million while IMF Bentham will commit up to USD50 million.

Since launching US operations in 2011, Bentham has made 45 separate investments in American litigation matters, concluding 14 of those with an average internal rate of return of 83 per cent over a typical time period of around 1.4 years. Overall, IMF has completed 187 dispute matters globally since 2001, with an average IRR of 59 per cent and an investment period of around 2.4 years.

“This capital raise underscores investor confidence in litigation finance and Bentham’s position as one of the top companies in the industry,” says Charlie Gollow, Bentham’s US Chief Executive. “It will allow us to increase the average size of our investments.”

IMF CEO Andrew Saker adds: “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.”

Bentham is considering the launch of a separate funding vehicle to back non-US investments in the coming year.
 

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