IMF Bentham announces second closing of new US fund

Company News

by Anna Napoli

IMF Bentham (ASX:IMF) has announced the launch of US Fund 4 with capital commitments in the first closing of US$375 million.

The international litigation funder says a further $125 million of capital commitments have been completed for the new US fund which completes the capital raising at US$500 million.

IMF Group funds under management now sits in excess of A$1 billion.

The external capital providers in the Second Closing comprise funds managed by Harvard Management company (Harvard) and Amitell Capital.

Shares in IMF Bentham (ASX:IMF) are trading flat at $2.90.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.