Bloomberg Law
April 19, 2016, 7:14 PM UTC

Burford Raises $144M on London Stock Exchange

Casey Sullivan

The litigation finance shop Burford Capital announced on Tuesday that it had raised 100 million pounds, or the equivalent of $144 million U.S. dollars, on the London Stock Exchange, which will take its cumulative investment under management to about $1 billion.

Burford CEO Chris Bogart said the company’s U.K. subsidiary raised the capital through a bond offering on the London Stock Exchange, and turned away orders from investors. The bonds will pay 6.125 percent annual interest and mature in 2024.

“One billion dollars of litigation finance is a significant milestone for us,” said Bogart.

He said Burford only invests in commercial litigation, and that most of the ...

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