Walkers advises IMF Bentham on the launch of new USD$500 million fund

Walkers has advised IMF Bentham as Cayman Islands counsel on the launch of a new USD$500 million fund (Fund 5) to invest in litigation cases across Australia, Asia, Canada and Europe.

Fund 5 will provide finance for law firms, companies, groups and individuals, across a broad range of dispute types including insolvencies, group actions, international arbitration and commercial litigation.

Fund 5 has been established as a Cayman Islands exempted limited partnership, with IMF Bentham and its related entities providing investment advisory services.

IMF is one of the leading global dispute resolution funders, headquartered in Australia, with offices in the US and Canada (where it operates as Bentham IMF), Singapore, Hong Kong and the UK. IMF has approximately AUD2 billion in combined funds under management globally.

DLA Piper acted as international counsel to IMF Bentham and was led by partner Emma Kendall. Walkers (Singapore) acted as Cayman Islands counsel and was led by partner Thomas Granger supported by senior associate Tania Toh