The company has also reported a 48 per cent increase in income for the half year to $40.6 million. This was driven by a 64 per cent increase in income from its litigation investment portfolio to $30.7 million. Since inception, 38 investments have generated $299 million in gross investment recoveries and $124 million net of invested capital, producing a 71 per cent net return on invested capital, the company reported. Its largest recovery during the period generated $61 million in gross proceeds on a $25 million investment, for a profit of $36 million and a net return on invested capital of 144 per cent. 

New venture

The company has also moved into bankruptcy financing in the US and has joined forces with bankruptcy and restructuring firm Chilmark Partners to form a $100 million venture called Bankruptcy Litigation Funding LLC.