Tetragon Financial Group Ltd Tetragon Litigation Finance Venture with Brandon Baer

 
TIDMTFG 
 
Tetragon Financial Group Limited To Pursue Litigation Finance Venture with 
                                 Brandon Baer 
 
LONDON, Oct. 6, 2020 -- Tetragon and its diversified alternative asset 
management business, TFG Asset Management, have entered into an agreement with 
Brandon Baer to invest in his newly-created company, Contingency Capital, a 
multi-product global asset management business that will sponsor and manage 
litigation finance related investment funds.  Contingency Capital will have its 
formal launch on 1 November 2020. 
 
Mr. Baer formerly worked at Fortress Investment Group where he was a Partner 
and Managing Director in the Credit Funds business.  He was also the Co-Founder 
and Co-Head of its Legal Assets group. 
 
TFG Asset Management will receive a significant minority equity interest in 
Contingency Capital and Tetragon will provide Contingency Capital with, among 
other things, working capital and a $50 million commitment to Contingency 
Capital's first commingled investment fund, with Tetragon retaining the option 
to invest further amounts.  TFG Asset Management, which owns majority and 
minority private equity stakes in asset management companies, will also provide 
Contingency Capital with operating infrastructure - encompassing critical 
business management functions such as risk management, investor relations, 
financial control, technology and compliance/legal matters. 
 
Fortress and Contingency Capital have entered into co-investment arrangements 
pursuant to which Fortress may invest up to $500 million in Contingency 
Capital's opportunities.  Contingency Capital has also entered into 
arrangements with a large fixed income asset manager relating to up to $900 
million of additional co-investment opportunities. 
 
Reade Griffith, a Founder of Tetragon's investment manager and the Chief 
Investment Officer of TFG Asset Management, commented: "We think there are 
significant opportunities in litigation finance related investing, and gaining 
exposure to this asset class is very appealing.  We are also particularly 
excited to partner with Brandon, who is a leader in the space with extensive 
experience."  Stephen Prince, the Head of TFG Asset Management, noted: "We 
believe Brandon continues our efforts of partnering with exceptional asset 
managers." 
 
"I am excited to partner with Tetragon and its asset management platform," said 
Mr. Baer.  "The Contingency Capital business seeks to provide access to 
high-quality litigation finance assets in an increasingly expanding market. 
Our focus will be on investments whose primary outcomes are driven by legal, 
tax or regulatory processes and are intended to be generally uncorrelated to 
the markets.  I am also pleased to be able to continue collaborating with 
Fortress, where I spent almost a decade focused on credit and legal assets." 
 
"As a significant shareholder in Tetragon and one of the largest investors in 
legal assets globally, Fortress is very excited to work with Tetragon and 
Brandon on this new opportunity," said Jack Neumark, Head of Legal Assets at 
Fortress.  "We have a long history of providing capital in a variety of forms 
to litigation finance platforms and we believe the co-investment arrangements 
with Contingency Capital will be another good partnership for us in this asset 
class." 
 
About Tetragon: 
 
Tetragon is a closed-ended investment company that invests in a broad range of 
assets, including public and private equities and credit (including distressed 
securities and structured credit), convertible bonds, real estate, venture 
capital, infrastructure, bank loans and TFG Asset Management, a diversified 
alternative asset management business. Where appropriate, through TFG Asset 
Management, Tetragon seeks to own all, or a portion, of asset management 
companies with which it invests in order to enhance the returns achieved on its 
capital. Tetragon's investment objective is to generate distributable income 
and capital appreciation.  It aims to provide stable returns to investors 
across various credit, equity, interest rate, inflation and real estate cycles. 
 The company is traded on Euronext in Amsterdam N.V. and on the Specialist Fund 
Segment of the main market of the London Stock Exchange.  For more information 
please visit the company's website at www.tetragoninv.com. 
 
Tetragon:                   Press Inquiries: 
Yuko Thomas                 Prosek Partners 
Investor Relations          [e-mail] 
[e-mail]          United States                    United Kingdom 
                            Andy Merrill and Ryan Fitzgibbon Zara Thornton 
                            [phone] ext. 216 and     [phone] 
                            ext. 234                         0476 
Contingency Capital: 
Brandon Baer 
[e-mail] 
www.contingencycapital.com 
 
 
This release does not contain or constitute an offer to sell or a solicitation 
of an offer to purchase securities in the United States or any other 
jurisdiction.  The securities of Tetragon have not been and will not be 
registered under the U.S. Securities Act of 1933 and may not be offered or sold 
in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration.  Tetragon does not intend to 
register any portion of its securities in the United States or to conduct a 
public offer of securities in the United States.  In addition, Tetragon has not 
been and will not be registered under the U.S. Investment Company Act of 1940, 
and investors will not be entitled to the benefits of such Act.  Tetragon is 
registered in the public register of the Netherlands Authority for the 
Financial Markets under Section 1:107 of the Financial Markets Supervision Act 
as a collective investment scheme from a designated country. 
 
SOURCE  Tetragon Financial Group Limited 
 
 
 
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(END) Dow Jones Newswires

October 06, 2020 02:00 ET (06:00 GMT)