The Guernsey incorporated Burford
Capital Limited(Burford Capital) has raised US$150 million
through an issue of retail bonds on the London Stock Exchange (LSE)
by a subsidiary, Burford Capital PLC.
Payments in respect of the bonds are guaranteed by Burford
Capital which was first listed on the LSE's Alternative
Investment Market (AIM) in October 2009 and now has a market
capitalisation of£244 million.
The firm is the world's largest provider of investment
capital and risk solutions for litigation.
Christopher Bogart, Chief Executive at Burford Capital,
commented: "This latest capital brings Burford's asset
base above a half-billion dollars. We are very pleased with the
market reception to our bond issue and we now look forward to
committing this additional capital, and continuing to work with our
existing clients while also continuing to broaden the reach of
Burford's corporate financing solutions."
