REG-Tetragon Financial Group Ltd: Tetragon Litigation Finance Venture with Brandon Baer

Tetragon FinancialAnnouncement

06/10/2020 07:05

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: Yuko Thomas Investor Relations ir@tetragoninv.com     Contingency Capital: Brandon Baer info@contingencycapital.com www.contingencycapital.com  Press Inquiries: Prosek Partners Pro-tetragon@prosek.com United States Andy Merrill and Ryan Fitzgibbon +1 212 279 3115 ext. 216 and ext. 234  United Kingdom Zara Thornton +44 (0) 20 8323 0476  

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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