Affiniti Finance, the UK’s leading Consumer Credit litigation funder announces a £250m capital raise deal with a multi-billion dollar US based fund, which it said would ‘significantly’ increase its ability to fund the large volume of mid-range cases, specifically in the financial mis-selling and personal injury sector in the UK.
Affiniti Finance’s current investments include more than 5,000 individual litigation matters, numbers in 2021 are expected to reach in excess of 50,000.
The capital raise is backed by a highly diversified global investment manager which is a partner well suited to Affiniti Finance given the investor’s previous experience with legal financing.
Chief Executive Officer, Ian Cunningham said: “This new debt line provides a significant increase to our available capital and a boost to our investment capability. This enables us to broaden and accelerate the expansion of our portfolio, with a view to ultimately delivering greater returns for all stakeholders and providing clients with access to justice . We are continuing our capital raise for our new commercial litigation division which will see a further £150M available for large ticket commercial transactions. We are expecting to close this raise by the fourth quarter of this year”
