LONDON, Oct. 6, 2020 /PRNewswire/ — Tetragon and its diversified alternate asset administration small business, TFG Asset Management, have entered into an arrangement with Brandon Baer to spend in his newly-produced organization, Contingency Funds, a multi-products world-wide asset administration business enterprise that will sponsor and take care of litigation finance similar investment funds. Contingency Capital will have its formal launch on 1 November 2020.
Mr. Baer previously worked at Fortress Financial commitment Group wherever he was a Associate and Controlling Director in the Credit score Money small business. He was also the Co-Founder and Co-Head of its Legal Belongings team.
TFG Asset Management will obtain a considerable minority equity interest in Contingency Money and Tetragon will present Contingency Capital with, amid other factors, operating capital and a $50 million motivation to Contingency Capital’s initially commingled expenditure fund, with Tetragon retaining the option to make investments additional quantities. TFG Asset Management, which owns greater part and minority non-public fairness stakes in asset management corporations, will also supply Contingency Cash with operating infrastructure – encompassing critical small business administration functions this sort of as risk administration, trader relations, economical command, know-how and compliance/lawful matters.
Fortress and Contingency Cash have entered into co-investment decision arrangements pursuant to which Fortress may invest up to $500 million in Contingency Capital’s alternatives. Contingency Funds has also entered into arrangements with a big fixed income asset supervisor relating to up to $900 million of supplemental co-financial commitment alternatives.
Reade Griffith, a Founder of Tetragon’s financial investment supervisor and the Chief Expenditure Officer of TFG Asset Management, commented: “We think there are sizeable possibilities in litigation finance similar investing, and attaining exposure to this asset course is really desirable. We are also notably energized to lover with Brandon, who is a leader in the room with considerable expertise.” Stephen Prince, the Head of TFG Asset Management, pointed out: “We imagine Brandon continues our initiatives of partnering with fantastic asset managers.”
“I am enthusiastic to associate with Tetragon and its asset administration platform,” reported Mr. Baer. “The Contingency Money small business seeks to present obtain to substantial-good quality litigation finance assets in an ever more increasing sector. Our emphasis will be on investments whose most important results are pushed by legal, tax or regulatory processes and are intended to be generally uncorrelated to the markets. I am also happy to be ready to proceed collaborating with Fortress, where by I spent just about a 10 years focused on credit rating and lawful property.”
“As a substantial shareholder in Tetragon and a single of the premier investors in legal assets globally, Fortress is incredibly energized to function with Tetragon and Brandon on this new opportunity,” said Jack Neumark, Head of Authorized Assets at Fortress. “We have a lengthy historical past of offering cash in a assortment of varieties to litigation finance platforms and we consider the co-investment decision preparations with Contingency Capital will be one more good partnership for us in this asset class.”
Tetragon is a closed-ended financial investment firm that invests in a wide vary of belongings, such as community and private equities and credit rating (which include distressed securities and structured credit score), convertible bonds, true estate, venture cash, infrastructure, lender financial loans and TFG Asset Management, a diversified different asset management business. Wherever appropriate, by TFG Asset Management, Tetragon seeks to individual all, or a portion, of asset management corporations with which it invests in get to enrich the returns realized on its cash. Tetragon’s investment decision goal is to make distributable cash flow and money appreciation. It aims to present steady returns to investors throughout many credit score, fairness, fascination price, inflation and authentic estate cycles. The company is traded on Euronext in Amsterdam N.V. and on the Expert Fund Section of the principal market of the London Stock Trade. For a lot more information and facts please pay a visit to the company’s web site at www.tetragoninv.com.
This release does not contain or represent an supply to sell or a solicitation of an supply to acquire securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and could not be offered or offered in the United States or to U.S. folks unless of course they are registered below relevant legislation or exempt from registration. Tetragon does not intend to sign up any portion of its securities in the United States or to conduct a community offer of securities in the United States. In addition, Tetragon has not been and will not be registered less than the U.S. Investment decision Enterprise Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the community register of the Netherlands Authority for the Economic Markets underneath Section 1:107 of the Economical Markets Supervision Act as a collective expenditure plan from a designated nation.