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IT
MSC awarded dual mandate from newly established litigation funder
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Financial Standard
MSC Trustees and MSC Abacus, both part of MSC Group, have been appointed as the trustee and administrator for a newly established third-party litigation funder, Ninety Mile Capital.
The newly launched Ninety Mile Litigation Fund 1 commenced fundraising earlier this month and is structured as an unregistered wholesale managed investment scheme.
MSC Group managing director Matthew Fletcher said the appointments position the organisation in good stead for future opportunities.
"We are delighted to be selected to provide both trustee services and administration and registry support for Ninety Mile Capital."
MSC Group oversees $32 billion in funds under appointment, supporting over 260 corporate clients across more than 530 service appointments.
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