An international litigation funding company intends to inject A$100 million into projects in Australia and New Zealand.
Litigation Capital Management is considered a leading international provider of litigation financing solutions.
The financial commitment will be invested across all types of litigation finance projects that LCM says it typically funds, although the Company expects a significant proportion to be allocated to funding corporate portfolio projects across the region.
It says there is a significant growth opportunity for LCM to finance corporate portfolio projects, where funding and risk management solutions are provided directly to corporate entities across a number of cases.
The Chief Executive of LCM, Patrick Moloney says the success of their listing on the AIM component of the London Stock Exchange means they're able to commit capital on a larger scale to high-quality litigation finance projects.
"Our heritage is in Australasia, a market we have operated in for over 20 years, and we are pleased to announce a commitment of A$100 million in capital to this key region for LCM. Whilst we see strong growth potential across all types of projects that we finance, we are particularly excited about the opportunities in the corporate portfolio space," he says.
LCM's main headquarters are in Sydney but it has offices in London, Singapore, Brisbane and Melbourne. It has been listed on the London Stock Exchange since December last year.