TORONTO (March 25, 2021) – Northleaf Capital Partners (Northleaf) announced that it acted as the sole lead arranger of a US$50 million senior secured credit facility to support the growth of Litigation Capital Management Limited (LCM) (AIM: LIT), a leading alternate asset manager of disputes financing solutions.
"The securing of this credit facility is a hugely significant development in LCM's growth. The credit facility, together with LCM's existing resources, provides LCM with a flexible capital structure for the foreseeable future to meet our most conservative assessment of the expected demand for LCM's litigation finance needs,” said Patrick Moloney, CEO of LCM.
Jonathan Moulds, Chairman of LCM, commented: "The Board is delighted to partner with Northleaf, a high calibre capital provider with a presence in our major markets and deep expertise in litigation funding, at a time when LCM is witnessing an uplift in litigation finance applications as a result of a number of factors including the extraordinary uncertainty facing global economies. These conditions, combined with the flexibility of the credit facility, provides LCM with an excellent opportunity to accelerate growth."
“As a pioneer in the global legal finance space, we have watched LCM grow into the preferred partner for plaintiffs and law firms seeking dispute financing,” said Michael Morris, Managing Director at Northleaf. “Northleaf is excited to partner with LCM to support the company’s continued growth and market leadership.”
“This transaction is a great example of Northleaf’s flexible approach to investing in the specialty finance sector,” added Morris. “We have the ability to provide senior debt, hybrid capital and equity capital to support owners of leading specialty finance and financial technology businesses across consumer, commercial and esoteric verticals.”
About Litigation Capital Management
Litigation Capital Management (LCM) is an alternate asset manager specializing in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management. LCM has an unparalleled track record driven by disciplined project selection and robust risk management. Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with US$15 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s 150-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Northleaf’s portfolio includes more than 400 active investments in 40 countries, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.
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