Channel Islands-based litigation funder, Therium Capital Management, is launching a new $430 million fund, taking its total institutional investments to over $1 billion.This is Therium’s largest fund till date, second only to a $265 million vehicle raised in February 2018. The contributions of three institutional investors, including a sovereign wealth fund make up the fund. The funds...
Channel Islands-based litigation funder, Therium Capital Management, is launching a new $430 million fund, taking its total institutional investments to over $1 billion.
This is Therium’s largest fund till date, second only to a $265 million vehicle raised in February 2018. The contributions of three institutional investors, including a sovereign wealth fund make up the fund. The funds are expected to be deployed over the next two years on litigation and arbitration matters around the world. Therium’s U.S. pipeline has grown by 26 per cent over the last year, according to U.S. CEO Eric Blinderman.
A former Proskauer Rose litigator, Blinderman, added that the company deploys its capital based on four criteria: likelihood of success on merits, timing of recovery, quantum of recovery and judgment of attorneys. He said, “Assuming those marry, we will sit there and make that investment.”
Therium was founded in 2009, and has investment teams in the US, UK, Germany, Spain and Norway.