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:
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.
For more information on Vannin Capital, please contact: Leanne Harker, Marketing at Vannin Capital, T: +44 (0)1624 615 111, E: email@example.com