Therium Group Holdings Limited, a Jersey, Channel Islands-based global provider of litigation finance, completed the first close of its new £300m fund.
The first close is at £200m with a further £100m expected before final close. The investors include both Therium’s existing major investor, which is increasing its commitment, and the introduction of selected global institutional investors who have the scale to grow with the firm.
Led by John Byrne, Co-Founder and CEO, and Neil Purslow, Co-Founder and Chief Investment Officer, Therium will use the new funds to continue to invest in litigation cases globally across its core sectors of financial services, energy and mining, and technology, media and entertainment, and across all forms of commercial litigation and arbitration.
The firm invests in a broad range of complex commercial disputes, from securities and shareholder actions, international arbitration, competition and anti-trust cases, through to intellectual property, insolvency and group and class actions.
The new fund, which is expected to be deployed within two years, follows Therium’s £200m fund raised in April 2015. Since then, Therium has expanded its operations from London, with teams launching in the USA (NYC), Norway (Oslo) and Germany (Duesseldorf).
Therium is a founder member of the Association of Litigation Funders of England and Wales (ALF), the self-regulatory body regulating the litigation funding industry in England and Wales.