Tetragon providing finance to Contingency Capital – Tetragon Financial 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.
Brandon 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.
Tetragon’s initial provision of working capital, operational support and a $50m commitment to the first fund will get it a significant minority interest in Contingency Capital. Fortress has a co-investment arrangement with Contingency Capital which could see it investing up to $500m in the funds and up to another $900m could come from an unnamed fixed income asset manager.
TFG : Tetragon providing finance to Contingency Capital