Litigation finance firm raises first credit vehicle

Chicago-based Gerchen Keller Capital has closed its new debt fund on $368 million.

Gerchen Keller Capital has raised about $368 million for its new GKC Credit Opportunities LP fund, according to an SEC Form D filing submitted on 10 October. The offering appears to be the first credit focused fund from the commercial litigation-focused private finance company. 

GKC had not responded to a request for comment by press time.

The firm, which invests in litigation companies and processes, announced the close of its second private investment fund, GKC Capital Partners II, in January at $250 million, bringing the total private capital in the first and second funds to about $300 million.

Since inception in 2013, GKC has committed capital to more than a dozen investments, several of which already have delivered positive returns, according to a statement from the firm.

GKC has invested to support companies and law firms of all sizes, including multiple Fortune 500 companies and Am Law 50 firms. 

Gerchen Keller Capital is based in Chicago and is one of the largest US investment firms focused on commercial litigation. The firm provides capital to commercial plaintiffs and defendants and the law firms representing them.