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Pin to quick picksBurford Capital Share News (BUR)

Share Price Information for Burford Capital (BUR)

London Stock Exchange
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Share Price: 767.50
Bid: 767.50
Ask: 769.00
Change: 9.50 (1.25%)
Spread: 1.50 (0.20%)
Open: 760.00
High: 772.50
Low: 760.00
Yest. Close: 758.00
BUR Live PriceLast checked at -

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Burford Capital nets almost ?300m for new fund

Mon, 8th Apr 2019 16:13

(Sharecast News) - Burford Capital on Monday closed its new law focused Burford Alternative Income Fund LP (BAIF) after having raised £297.3m.

The global finance and investment management firm said the fund will invest in settled litigation matters, monetising a claimant's settlement and other associated legal receivables, meeting the needs of law firms awaiting payment of their fees and clients, eager to release cash from the settlement, who therefore find it attractive to secure financing against those expected receipts.

The fund's investment period runs until 4 September 2021, with a multi-year harvest period thereafter, and will pay management fees of 1.5% of invested capital, with performance fees of 10% after a 5% preferred return with a full catch-up.

With the new fund, which is the successor to Burford's maiden post-settlement fund, the AIM traded company's total assets under management are now $2.7bn.

Christopher Bogart, chief executive of Burford, said: "We are pleased to complete our latest fundraising and to have an expanded post-settlement offering for our clients. BAIF's investment strategy helps clients manage the frequent and significant delays that occur between the point at which parties agree a settlement and the finalisation of and payment under the settlement. Furthermore, the solution supports our aim of fulfilling client needs across the lifespan of a litigation matter's duration, from inception through to conclusion."

Burford Capital's shares were down 0.81% at 1,707.00 at 1614 BST.

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IN BRIEF: Burford takes USD103 million from Akhmedov divorce case win

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Burford Capital names Kenneth Brause as CFO

(Sharecast News) - Finance and asset management firm Burford Capital named Kenneth Brause as its next chief financial officer on Friday, effective 3 May.

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DIRECTOR DEALINGS: Watches of Switzerland CEO sells GBP7 million worth

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IN BRIEF: Burford Capital closes USD400 million offering of notes

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6 Apr 21 17:58

IN BRIEF: Burford Capital CEO and CIO buy USD1.4 million in shares

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IN BRIEF: Burford Capital upsizes private note offer to USD400 million

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29 Mar 21 11:19

Burford Capital prices its largest-ever capital raising

(Sharecast News) - Financial and asset management firm Burford Capital priced its planned private offering of $400m (£289.93m) of notes on Monday, which it was planning to use for general purposes, including the potential repayment of debt.

29 Mar 21 07:42

Moody's upgrades Burford Capital's rating to Ba2; outlook stable

Moody's upgrades Burford Capital's rating to Ba2; outlook stable

25 Mar 21 19:06

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