LONDON, Oct. 6, 2020 /PRNewswire/ — Tetragon and its diversified substitute asset management enterprise, TFG Asset Administration, have entered into an settlement with Brandon Baer to make investments in his newly-created organization, Contingency Capital, a multi-merchandise worldwide asset administration company that will sponsor and take care of litigation finance linked expenditure money. Contingency Cash will have its official start on 1 November 2020.
Mr. Baer previously labored at Fortress Expense Team wherever he was a Companion and Managing Director in the Credit rating Cash organization. He was also the Co-Founder and Co-Head of its Legal Property group.
TFG Asset Management will receive a sizeable minority equity fascination in Contingency Money and Tetragon will supply Contingency Cash with, amongst other items, performing capital and a $50 million commitment to Contingency Capital’s first commingled financial commitment fund, with Tetragon retaining the choice to commit additional amounts. TFG Asset Administration, which owns vast majority and minority private equity stakes in asset administration corporations, will also provide Contingency Capital with running infrastructure encompassing critical enterprise management capabilities these kinds of as risk management, investor relations, economical handle, technologies and compliance/authorized issues.
Fortress and Contingency Cash have entered into co-financial investment arrangements pursuant to which Fortress may possibly make investments up to $500 million in Contingency Capital’s options. Contingency Cash has also entered into preparations with a substantial preset profits asset manager relating to up to $900 million of further co-expenditure options.
Reade Griffith, a Founder of Tetragon’s investment decision supervisor and the Main Investment decision Officer of TFG Asset Management, commented: “We assume there are considerable alternatives in litigation finance related investing, and gaining exposure to this asset class is very attractive. We are also particularly fired up to associate with Brandon, who is a leader in the space with considerable encounter.” Stephen Prince, the Head of TFG Asset Management, mentioned: “We believe Brandon continues our initiatives of partnering with fantastic asset managers.”
“I am excited to spouse with Tetragon and its asset administration system,” mentioned Mr. Baer. “The Contingency Money company seeks to offer obtain to substantial-top quality litigation finance assets in an ever more growing market place. Our target will be on investments whose primary outcomes are pushed by legal, tax or regulatory procedures and are meant to be normally uncorrelated to the marketplaces. I am also happy to be capable to continue on collaborating with Fortress, the place I invested nearly a ten years centered on credit and legal property.”
“As a sizeable shareholder in Tetragon and a single of the biggest investors in legal belongings globally, Fortress is incredibly energized to operate with Tetragon and Brandon on this new chance,” mentioned Jack Neumark, Head of Legal Property at Fortress. “We have a extended record of furnishing cash in a variety of sorts to litigation finance platforms and we feel the co-expense arrangements with Contingency Capital will be an additional good partnership for us in this asset course.”
Tetragon is a closed-ended expense firm that invests in a wide range of assets, together with public and non-public equities and credit history (including distressed securities and structured credit rating), convertible bonds, true estate, undertaking cash, infrastructure, financial institution loans and TFG Asset Management, a diversified choice asset administration company. Where by suitable, by TFG Asset Administration, Tetragon seeks to personal all, or a part, of asset management providers with which it invests in get to greatly enhance the returns realized on its money. Tetragon’s expense goal is to make distributable revenue and capital appreciation. It aims to deliver stable returns to investors across a variety of credit history, fairness, fascination charge, inflation and authentic estate cycles. The firm is traded on Euronext in Amsterdam N.V. and on the Specialist Fund Segment of the key current market of the London Stock Trade. For far more data you should stop by the company’s site at www.tetragoninv.com.
Andy Merrill and Ryan Fitzgibbon
+1 212 279 3115 ext. 216 and ext. 234
+44 () 20 8323 0476
This release does not contain or represent an give to sell or a solicitation of an offer to buy securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered less than the U.S. Securities Act of 1933 and may well not be supplied or bought in the United States or to U.S. persons unless of course they are registered under applicable regulation or exempt from registration. Tetragon does not intend to sign up any part of its securities in the United States or to perform a public offer you of securities in the United States. In addition, Tetragon has not been and will not be registered less than the U.S. Expense Company Act of 1940, and buyers will not be entitled to the benefits of this kind of Act. Tetragon is registered in the public sign up of the Netherlands Authority for the Fiscal Markets below Area 1:107 of the Economic Markets Supervision Act as a collective expense scheme from a specified nation.
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Resource Tetragon Financial Team Restricted