In the firm's latest update, it said it was pleased to announce the first full completion of a patent infringement case in which the company had invested.

The case generated $2.4m on an investment of $1.4m.

A second settlement of $500,000 has been received from an internet-related patent dispute, with further positive results expected to be generated.

It said that so far 19 investments had been made in 27 cases - six had generated cash returns for the company of which four had completed with the remainder awaiting resolution with additional defendants.

It said that $8m had been committed to three new investments since the beginning of November and relationships with law firms and corporations continue to develop strongly.

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