North Wall Capital, an alternative investment firm, has bolstered its investment in PGMBM with £100 million in financing, after an initial funding of £50 million in the London-based law firm. This additional finance has been pledged to support PGMBM in taking on more high-profile ESG litigation, following on from the firm’s $7 billion case against global mining giant, BHP Group.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
North Wall Capital, an alternative investment firm, has bolstered its investment in PGMBM with £100 million in financing, after an initial funding of £50 million in the London-based law firm. This additional finance has been pledged to support PGMBM in taking on more high-profile ESG litigation, following on from the firm’s $7 billion case against global mining giant, BHP Group.
Reporting from Bloomberg highlighted that this is part of a wider strategy from North Wall to finance ESG-specific litigation, reflecting the increasing focus on environmental claims being brought against major multinationals. North Wall’s chief investment officer and founder, Fabian Chrobog, stated that this fund will provide PGMBM with a large capital asset whilst allowing the firm to pursue a broader array of claims oriented around ESG issues.
