Fortress Doubles Down on Litigation Finance with Acquisition of Vannin Capital
In the coming weeks, Fortress Investment Group LLC is expected to complete its acquisition of Vannin Capital, a UK-based litigation funder with offices in the US, France, Germany, and Australia that touts having $500M in available investment capital and assets under management “consistently in the billions”. The deal comes roughly a year after Vannin announced its plans to issue £70m (nearly $90M) in new shares on the London Stock Exchange in an IPO that was shelved shortly thereafter. Fortress, which was acquired by SoftBank in late 2017 and has approximately $40.9B under management—has a long-standing partnership with Vannin. Fortress also has a growing stockpile of patents and over 40 active litigation campaigns in the US today.