Aperture Investors Hires Luke Darkow to Launch Litigation Finance Strategy
September 10 2024 - 9:02AM
Business Wire
Asset manager expands new firm offering with
additional strategy and growing investment team
Aperture Investors, an alternative asset manager and part of the
Generali Investments platform, today announced that Luke Darkow has
joined the firm to lead its new private credit Litigation Finance
strategy.
Darkow joins Aperture from Victory Park Capital, a global
alternative investment manager, where he was a Principal and
Portfolio Manager responsible for sourcing, analyzing, executing,
and managing investments within the litigation finance asset class.
Prior to Victory Park Capital, Darkow held roles at TPG Capital and
Morgan Stanley.
"With Aperture entering its next phase of growth, we see
significant potential in specialty lending, particularly in
litigation finance, which we believe remains a relatively
underbanked asset class. Estimates suggest that the litigation
finance market could double annually through 2035," said Peter
Kraus, Chief Executive Officer and Founder, Aperture Investors.
“Litigation Finance is a niche, relationship-driven sector—and Luke
is no tourist. His expertise in both private and public debt
investments, his deep network of law firms and legal service
providers, and his ability to source opportunities and raise
capital will allow us to build out this unique offering at
Aperture.”
Litigation Finance involves the provision of third-party capital
to help finance law firms or plaintiffs pursuing legal claims in
exchange for, or collateralized by, a percentage of proceeds
received upon the successful resolution of legal disputes.
Aperture’s Litigation Finance strategy will primarily provide
structured loans to law firms backed by expected legal fee
receivables from procedurally mature, settled, and/or short
duration legal cases, targeting uncorrelated returns with what we
believe to be relatively low risk.
“I’m incredibly pleased to join Aperture and help drive the firm
into new opportunities in private credit with this niche,
asset-based lending strategy,” commented Darkow. “As Aperture
expands its slate of strategies and products, I’m also attracted to
the intellectual horsepower and best-in-class infrastructure within
the broader firm.”
About Aperture Investors
Aperture is an alternative asset management firm offering credit
and equity strategies in commingled and bespoke portfolios for
institutional investors. Aperture's mission is outperformance, and
it is focused on identifying portfolio managers who it believes
have a unique edge and can consistently deliver innovative,
solutions-oriented investment results throughout market cycles.
Since inception, Aperture has steadily grown its breadth of
products, and as of August 31st, it manages approximately $4
billion. Its investment strategies are diversified across asset
classes and geographies – each managed by a dedicated investment
team – with distribution across North America, Europe, Middle East
and Asia.
Aperture Investors was founded in 2018 and is led by industry
veteran Peter Kraus and by Generali, one of the largest global
insurance and asset management providers. For more about Aperture,
visit us at www.apertureinvestors.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910520493/en/
Media Inquires Kate Gundry Aperture@pluckpr.com
617-797-5174
Lou Molinari Aperture Investor Relations
ir@apertureinvestors.com