In a strategic move within the litigation funding industry, Omni Bridgeway announced that Ares Management Corp., a prominent private equity firm, has acquired a majority stake in its ninth continuation fund. The acquisition, valued at approximately A$320 million (US$203 million), marks a significant investment in legal assets, emphasizing the growing interest from private equity in this sector. This development reflects an increasing trend of private equity firms seeking diverse investment portfolios that include litigation funding as a component. The deal’s completion further underscores Ares Management’s focus on expanding its asset management capabilities within the legal finance landscape, signaling a noteworthy alignment between private equity capital and legal asset strategies.
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