Burford Capital Expands And Further Extends Sovereign Wealth Fund Arrangement
Portfolio Pulse from Benzinga Newsdesk
Burford Capital Limited has expanded and extended its funding arrangement with its sovereign wealth fund strategic partner. The agreement, known as BOF-C, had committed $872 million to capital provision-direct assets, of which $435 million was undrawn. The investment period has been extended by a year until December 31, 2024, and the agreement has been amended to allow recycling of certain profit, potentially increasing the total amount of capital that BOF-C can deploy.
October 09, 2023 | 10:48 am
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Burford Capital has extended its funding arrangement with its sovereign wealth fund partner, potentially increasing the total capital that can be deployed.
The extension and expansion of the funding arrangement with the sovereign wealth fund partner could potentially increase the total capital that Burford Capital can deploy. This could lead to more investments and potentially higher returns, which could positively impact the company's stock price in the short term.
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