Litigation Funder Vannin Sold to Fortress Investment Group

Funds managed by New York-based private equity firm Fortress Capital Management are acquiring global litigation financier Vannin Capital.

The sale to Fortress, expected to close late this month, will be a liquidity event for Bramden Investments, a private equity firm that funded Vannin’s launch and was its majority owner. Fortress, which is purchasing 100% of the funder, has previously been an active investor in the litigation finance market. Terms of the deal were not disclosed.

Vannin Capital, launched in 2010, is one of a growing number of firms providing third-party financing for disputes. Vannin had previously announced it would pursue ...