‘You can invest in a single firm then make acquisitions while streamlining the back office, enhancing the margins and in five years, sell that to a new, larger private equity sponsor. That’s a very traditional approach. And it is no criticism of that approach, but we’re not private equity investors.’
Travis Lenker (pictured) the chief development officer at Burford Capital, originally a traditional litigation funder, described the firm’s equity investments as ‘passive.’ Allowing lawyers to maintain control is a key part of its pitch.
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