Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

BURFORD CAPITAL CONTINUES STRONG PERFORMANCE

Published by Gbaf News

Posted on July 10, 2014

Featured image for article about Top Stories

Investment returns rise to 63% on invested capital

Burford Capital Limited (“Burford”), the world’s largest provider of investment capital and risk solutions for litigation, intends to release its interim financial statements for the six months ended 30 June 2014 on 4 September 2014.

In advance of that release, Burford provides the following performance update for the six month period ended 30 June 2014 (the “period”):

Continued strong investment returns: Since inception, 26 investments have generated $173.9 million in gross investment recoveries and $67 million net of invested capital, producing a 63% net return on invested capital. This represents a 67% increase, $27 million, over the net position at 30 June 2013
Material increase in cash generation: Burford generated $41.9 million of cash from the investment portfolio in the period, an increase of 94% over the comparable 2013 period
Ongoing demand for Burford’s capital reflected in $62 million of new capital committed in the period, a five-fold increase over the comparable 2013 period
Successful completion of an innovative financing transaction with Rurelec PLC, a publicly-traded power generation company, that provided recourse financing linked to an arbitration claim, which provided an $11 million profit to Burford (a 73% return and a 34% IRR) while providing Rurelec with expansion capital

Christopher Bogart, Burford’s CEO, commented: “Burford’s performance continues to vindicate our approach to investment selection and the quality of our team. Moreover, the volume of new commitments made during the last six months shows clearly the market demand for litigation finance solutions – and the success of the Rurelec transaction we announced last month shows our continued market leadership in innovating to meet that demand.”