Burford Capital announced Monday that its profits from the last year were likely to be lower than those from 2018, but the litigation finance giant highlighted a record $1.6 billion in commitments to new investments.

In an update on its 2019 trading performance, the company sought to minimize the impact of an expected $20-30 million dip in net realized gains and an anticipated $50-70 million decline in unrealized gains, pointing to a series of litigation wins in January 2020.