Sep 21, 2021 2:07 PM ET
Legal Newswire POWERED BY LAW.COM
Pretium, a specialized investment management company with more than $ 26 billion of Assets, today announced that it has set up a legal opportunities investment team. Pretium’s Legal Opportunities team will work with companies and law firms to identify and invest in legal and business opportunities for which their team has in-depth knowledge and experience and which offer attractive return potential for investors. . Areas of investment will include high value complex litigation between companies, arbitrations, antitrust laws, patents and intellectual property, bankruptcies, bad debts and insolvency and monetization of judgments and awards. Pretium will not invest in the financing of consumer disputes.
Don Mullen, Founder and CEO of Pretium, commented: “We are delighted to further expand Pretium’s capabilities in this rapidly growing area of the market, where we believe our combination of scale, exceptional team and financial sophistication meets to a growing need. As today’s fastest growing businesses and industries mature, there will be an increased demand for experienced and well-resourced firms to help them manage their legal risks, especially in the areas of legal Intellectual Property, Patents and Technology. With the expertise of our legal strategies team, we are delighted to offer investors a diversified investment with attractive returns that have little correlation to the broader economic cycle. “
The strategy will be led by Matthew Cantor, a Senior Managing Director who joined Pretium in May 2020 and has over two decades of experience creating value for investors in complex legal situations. This experience includes his tenure as the head of the highly successful Lehman Brothers estate resolution and time spent both as an investor and as a practicing lawyer in leading global law firms.
Also joining Pretium as Senior Managing Director is Charles (Chad) Schmerler, who will assume the functions of litigation finance manager. Prior to joining Pretium, he was CEO of Yorkside Capital, a litigation finance company he founded after his tenure as a litigation partner at Norton Rose Fulbright. He has over a decade of experience representing funders and fundraising clients and is a recognized expert in the field.
Mr. Cantor and Mr. Schmerler are joined by several seasoned investment, legal and finance professionals who bring a unique and diverse set of expertise in litigation finance, legal risk monetization, intellectual property. , forensic accounting and damage analysis that will differentiate Pretium from others in space.
Mr. Cantor added, “We look forward to working with law firms, corporations and other sophisticated parties to use our in-depth knowledge and substantial capital to provide them with tailored financing solutions that help them manage. effectively their legal risks and to pursue commercial claims. that meet our investment criteria.
Pretium was founded in 2012 to take advantage of centuries-old investment and lending opportunities resulting from structural changes, disruption and inefficiencies in the economy. Pretium has built an integrated analytical and operational ecosystem in the US housing, residential and business credit markets, and believes its knowledge and experience in these markets creates a strategic advantage over other investment managers. The Pretium platform has approximately $ 26 billion of assets under management June 30, 2021 and employs approximately 2,500 people in 29 offices. Please visit www.pretium.com for more information.
For more information please contact:
Josh clarkson / Guillaume Szczecinski
646-818-9259 / 912-344-7423
[email protected] / [email protected]
Josh Clarkson / William Szczecinski
Key words: Thread, Legal Newswire, United States, English