Dispute Funding Capital increases to $500m

International dispute resolution funder Vannin Capital PCC ("Vannin") today announced that it has entered into a significant senior secured debt facility from funds managed by Fortress Investment Group LLC's (NYSE: FIG) affiliates (collectively, "Fortress").

The new facility, together with existing equity, increases the funder's capital up to $500 million. Vannin was advised by Evercore Group LLC and KPMG LLC on the investment.

"Recognition from blue-chip asset management firm Fortress is testament to Vannin's continued success and global brand," said Vannin Chairman Dan Craddock. "We're seeing an ever increasing number of opportunities, particularly in Europe, Australasia and the US where our teams are based. The new facility will enable us to launch a wider range of funding solutions and expand our already large and diversified asset portfolio."

Founded in 2010, Vannin is one of the largest global funders satisfying the ever-growing demand for funding of high value commercial litigation and international arbitration. A trusted partner to major corporates and top tier law firms around the world, Vannin not only commits finance to the cases it invests in, but also first-class seasoned litigators and international arbitrators who offer collaborative and personal case management solutions.

Vannin continues to grow its business with recent senior appointments in the U.S. and Australia:

  • January 2016: Senior Counsel Jeffery Commission based in Washington, D.C. (previously senior associate in the International Arbitration Group at Freshfields in London, New York and Washington, D.C.).
  • April 2016: Director of Investments Philippa Murphy based in Melbourne (previously partner in the dispute resolution team and head of Asia Pacific Risk and Crisis Management Practice Group at Baker & McKenzie).

Fortress is a leading, highly diversified global investment manager with approximately $70.6 billion of assets under management as of March 31, 2016. Fortress applies its deep experience and specialised expertise across a range of investment strategies on behalf of over 1,600 institutional investors and private clients worldwide.

Notes to Editors:

For more information on Vannin Capital, please contact: Meika Aysal, Marketing at Vannin Capital, T: +44 207 099 5180, E: ma@vannin.com