AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

GLS Capital Raises $345 Million for Litigation Finance Fund

January 27, 2020 GMT
GLS Capital Raises $345 Million for Litigation Finance Fund
GLS Capital Raises $345 Million for Litigation Finance Fund

CHICAGO--(BUSINESS WIRE)--Jan 27, 2020--

GLS Capital, LLC today announced the completion of fundraising of its inaugural litigation finance fund, GLS Capital Partners Fund I, LP. Together with its affiliates, the Fund has investor commitments totaling more than $345 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200127005213/en/

Top firms and attorneys choose GLS Capital because of our commitment to excellence and our partnership mentality (Photo: Business Wire)

The Fund’s diverse institutional investor base includes global financial institutions, endowments, foundations and family offices.

GLS invests in complex situations involving commercial litigation and arbitration, as well as intellectual property disputes in both the technology and pharmaceutical industries. The firm will structure creative and flexible solutions for businesses and law firms that are looking to better manage litigation and balance-sheet risks.

“We are excited to launch our first fund in a growing and dynamic asset class,” said David Spiegel, Managing Director of GLS. “Our fundraising significantly exceeded our initial target size, reflecting a high level of investor interest in our ability to be successful.”

Spiegel and his co-founders, Adam Gill and Jamison Lynch, stand out as an experienced and tested team in litigation finance. They previously executed and managed more than $400 million in investments at two of the world’s largest litigation finance providers.

Before entering litigation finance, they were litigators at elite international law firms. Lynch also served as the co-head of global patent litigation at a leading pharmaceutical company.

The firm intends to harness the deep experience of its founders to efficiently evaluate investment opportunities and streamline the underwriting process. The founders form GLS’ investment committee and have full investment authority.

About GLS Capital

Formed in 2018, GLS Capital is one of the world’s largest private investment firms focused on legal and regulatory risk. We provide bespoke financial solutions to meet the unique needs of each investment opportunity. For more information, please visit: www.glscap.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20200127005213/en/

CONTACT: Media Contact:

Taylor Trovillion for GLS Capital

GLS@finnpartners.com

312-329-3983

KEYWORD: UNITED STATES NORTH AMERICA CANADA ILLINOIS

INDUSTRY KEYWORD: SOFTWARE RESEARCH PROFESSIONAL SERVICES TECHNOLOGY OTHER PROFESSIONAL SERVICES SCIENCE LEGAL INSURANCE FINANCE OTHER TECHNOLOGY CONSULTING OTHER SCIENCE

SOURCE: GLS Capital, LLC

Copyright Business Wire 2020.

PUB: 01/27/2020 08:04 AM/DISC: 01/27/2020 08:04 AM

http://www.businesswire.com/news/home/20200127005213/en