Gerchen Keller Capital has held the close of its newest private investment fund, GKC Credit Opportunities, LP, with more than USD475 million in commitments.
Together with its two litigation finance funds and other pooled vehicles, GKC has invested or manages more than USD800 million in assets. GKC is now the world's largest investment firm focused exclusively on legal and regulatory risk.
"As we continue to expand the suite of products we offer, we are grateful for the support of the institutional investor community and pleased by the strong demand from companies and law firms," says Chief Executive Officer Adam Gerchen.
Using capital from its latest fund, GKC purchases legal fee, judgment, and settlement receivables in connection with litigation matters that are largely resolved – providing liquidity to companies and law firms that seek to monetise litigation proceeds or legal fees and recognise revenue immediately.
GKC also helps structure litigation settlements where the parties have differing cash flow needs—for example, providing a lump-sum settlement payment to a plaintiff while allowing the defendant to spread its settlement payments over time.
GKC already has invested more than USD100 million in these post-judgment and post-settlement opportunities, in transactions involving organisations ranging from Am Law 25 law firms to closely held corporations.
"This new pool of capital continues our commitment to constant innovation in serving the legal community," Managing Director Ashley Keller says. "Our range of capital solutions now includes traditional financing for litigation, arbitration, and transactional matters, as well as products to reduce appellate risk, protect against outsized liability, guarantee payment of adverse fee awards, structure settlements, and accelerate receivables."
With the launch of its latest fund, GKC now provides capital at any point in the litigation process, with differing investment terms that correspond to the relative level of legal risk.
"From the complaint phase to the settlement table, our products help companies and law firms manage risk and stabilise cash flows," says Managing Director Travis Lenkner. "GKC's unique approach goes well beyond traditional 'litigation finance.' We are the market leader in providing creative, non-recourse solutions in connection with legal and regulatory processes."
