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Neil Woodford, the ace fund manager at Invesco Perpetual, has taken a huge stake in Burford Capital as the litigation financing fund lists its shares on the junior alternative investment market of the London Stock Exchange.
Invesco has ended up with 45% of the 100p shares in the £80 million institutional share placing.
The shares start trading on Wednesday.
Woodford is also a major backer of Burford's rival Jurica, where he took a near-30% stake when it floated last year. Alongside Invesco other big backers of the Burford float included Sanjeev Shah at Fidelity, who has taken a 9.9% stake, and Baillie Gifford, which has ended up with 10.6% of the placing.
Burford will use the $130 million (£80 million) it has raised from the share placing to fund corporate legal disputes in the United States working on a no-win, no-fee basis but collecting a hefty percentage in cases where it is successful.
