Burford Capital Sees 71% Surge in New Business Commitments YTD

Burford Capital reported a 71% surge in new business commitments YTD in Q2 2025, with CEO Christopher Peter Bogart noting a "really robust period for new business." The company's portfolio growth is expected to be robust, with significantly higher new definitive commitments than any quarterly period in the past couple of years.

Burford Capital Limited (NYSE:BUR) has reported strong financial results for the second quarter of 2025, with a 71% surge in new business commitments year-to-date (YTD) [2]. CEO Christopher Peter Bogart noted a "really robust period for new business," highlighting the company's significant growth in new definitive commitments compared to previous quarters [2].

The company's portfolio growth is expected to be robust, with significantly higher new business commitments than any quarterly period in the past couple of years [2]. Burford Capital's fiscal first quarter of 2025 saw strong results, with new business volumes growing significantly, despite the naturally slow period for legal finance [1]. The company's realizations totaled $163 million for the quarter, a significant increase over the previous two years [1].

Burford Capital's revenue grew by 253.08% year-over-year in the first quarter of 2025, driven by growing capital provision income and asset management income [1]. The company's successful $500 million debt issuance in July, completed in just two days, further demonstrates strong market confidence in its trajectory and reinforces its competitive position [3].

The company's portfolio size is around $2 billion, including a $1 billion partnership with a sovereign wealth fund, and cash receipts year-to-date totaled $306 million, up from $245 million last year [2]. Expenses were described as stable, with general and administrative (G&A) expenses down to around $7.6 million, and the variable increase in long-term incentive compensation tied to revenue [2].

Burford Capital's Chief Investment Officer Jonathan T. Molot emphasized portfolio performance, noting realizations exceeding $3.5 billion over its lifetime, with an 83% return on invested capital and a 26% internal rate of return (IRR) with a weighted average life of 2.6 years [2].

Management remains confident about the company's ability to originate new business at record levels and realize significant gains from existing assets. The successful debt raise and progress in high-profile cases like YPF litigation reinforce Burford's competitive advantages, global reach, and readiness to support continued growth while managing legal and market uncertainties [2].

References:
[1] https://finance.yahoo.com/news/burford-capital-limited-bur-release-140227235.html
[2] https://seekingalpha.com/news/4482306-burford-signals-robust-portfolio-growth-as-new-business-commitments-surge-71-percent-year-to
[3] https://www.stocktitan.net/news/BUR/burford-reports-2q25-and-ytd25-financial-b1pt6l64b03m.html