In a LinkedIn post, Balance Legal Capital announced that it had bolstered the strength of its Australian team, with the hiring of Patrick Crisp as an Investment Manager. Read More…
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Balance Legal Capital
BALANCE LEGAL CAPITAL COMPLETES FIRST CLOSE AT GBP130M IN NEW LITIGATION FUND
by John Freund
written by John Freund
BALANCE LEGAL CAPITAL LLP, a London-based provider of litigation and arbitration finance, today announced it has raised a further GBP 130M from 8 institutional investors in the first close for a new UK fund, bringing Balance’s total AUM to over GBP 250M. Balance is targeting Q2 2022 for a second and final close.
A settlement in the IAG class action is currently under review after preliminary hearings. The proposed $138 million settlement comes after the company was ordered by ASIC to refund customers for add-on products that were essentially without value.