Burford's $160M GKC Buy Creates Litigation Funding Giant

Law360, New York (December 14, 2016, 5:50 PM EST) -- New York-headquartered litigation funder Burford Capital Ltd. has agreed to buy Chicago-based peer Gerchen Keller Capital LLC for $160 million, the companies said Wednesday, in a deal that combines the two largest finance litigation players in the world.

Under the terms of the transaction, Burford will pick up Gerchen's parent company, GKC Holdings LLC, according to a statement. GKC is a law-focused private capital manager that is registered as an investment adviser with the U.S. Securities and Exchange Commission and currently has $1.3 billion in assets under management in investment vehicles.

The companies said that together they will be the largest...

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