GLS Capital raises $345M for its inaugural fund to finance commercial and intellectual property litigation
GLS Capital, a private investment firm founded by trio of industry veterans, today announced the closing of $345 million fundraising for its inaugural litigation finance fund, GLS Capital Partners Fund I, LP. The Fund’s diverse institutional investor base includes global financial institutions, endowments, foundations and family offices.
GLS invests in complex situations involving commercial litigation and arbitration, as well as intellectual property disputes in both the technology and pharmaceutical industries. The firm will structure creative and flexible solutions for businesses and law firms that are looking to better manage litigation and balance-sheet risks.
Founded in 2018 by David Spiegel and his co-founders, Adam Gill and Jamison Lynch, the Chicago, IL-based GLS Capital is one of the world’s largest private investment firms focused on legal and regulatory risk. The firm provides bespoke financial solutions to meet the unique needs of each investment opportunity. The founders have led and managed more than $400 million of litigation finance investments.
“We are excited to launch our first fund in a growing and dynamic asset class,” said David Spiegel, Managing Director of GLS. “Our fundraising significantly exceeded our initial target size, reflecting a high level of investor interest in our ability to be successful.”
Spiegel and his co-founders, Adam Gill and Jamison Lynch, stand out as an experienced and tested team in litigation finance. They previously executed and managed more than $400 million in investments at two of the world’s largest litigation finance providers.
Before entering litigation finance, they were litigators at elite international law firms. Lynch also served as the co-head of global patent litigation at a leading pharmaceutical company. The firm intends to harness the deep experience of its founders to efficiently evaluate investment opportunities and streamline the underwriting process. The founders form GLS’ investment committee and have full investment authority.