Omni Bridgeway and funds managed by Ares Management (ARES) have completed a strategic transaction establishing a continuation fund. Omni Bridgeway Fund 9 purchased Omni Bridgeway’s co-investment interest across a diversified global portfolio of more than 150 legal assets, originated and managed by Omni Bridgeway. This transaction showcases the value of Omni Bridgeway’s institutional-grade asset management platform. Ares has acquired a 70% interest in Omni Bridgeway Fund 9 for a total cash investment of approximately A$320M, resulting in a day-1 cash multiple on invested capital exceeding 3x for Omni Bridgeway. This is the first continuation fund and one of the largest secondary markets transactions in both scope and size in the legal finance industry. Proceeds from the transaction have been used to fully deleverage Omni Bridgeway’s balance sheet while delivering significant added working capital. In addition to the investment in Omni Bridgeway Fund 9, Ares has taken an equity interest through warrants in Omni Bridgeway as an ASX listed global fund manager for legal assets.
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