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Burford sees continued strong performance

By BFN News | 07:59 AM | Tuesday 13 January, 2015


Burford Capital reports continued strong performance with investment returns rising to 60% on invested capital. Burford Capital - the world's largest provider of investment capital and risk solutions for litigation - intends to release its annual financial statements for the year ended 31 December on 18 March. In advance of that release, Burford has provided the following investment portfolio performance update for the year ended 31 December: · Robust demand for Burford's capital reflected in $150 million of new investment commitments in 2014, more than three times 2013's level · Continued strong investment returns: Since inception, 32 investments have generated $209 million in gross investment recoveries and $78 million net of invested capital, producing a 60% net return on invested capital. This represents a 56% increase in net investment recoveries over the position at 31 December 2013 and a significant increase in net ROIC from its prior 52% level · Material increase in cash generation: Burford generated $63 million of cash from the investment portfolio in 2014, an increase of 97% over 2013's level Chief executive Christopher Bogart said: "Burford's performance continues to validate our approach to investment selection and the quality of our team. Moreover, the volume of new commitments made during the last year shows clearly the market demand for litigation finance solutions and our leadership in meeting that demand." Story provided by StockMarketWire.com

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