Ares Targets Litigation Finance in Deal With Omni Bridgeway (2)

Ares Management Corp. is making its first known entry into litigation finance through an agreement announced Wednesday with Omni Bridgeway.

Ares, an alternative asset manager that last week won National Football League owners’ approval of a 10% stake in the Miami Dolphins, is acquiring a stake in Omni Bridgeway’s ongoing investments, according to an Omni statement.

Omni Bridgeway is publicly listed on the Australian Stock Exchange and calls itself a global leader in litigation finance. The company invests in the upfront costs of lawsuits for a chance at returns should the litigation prove successful.

Under the agreement with Ares, a ...