The group, which funds legal actions that it thinks will be successful, said the number of applications it received rose by 10% to 572 even with the disruption caused by Covid.
LCM’s investments are split between its own book and a A$150mln investment fund, with a second fund set to meet its US$300mn launch target early next year.
Over the year, LCM added it committed A$109mln gross with the amount invested rising by 69% to A$88mln, inclusive of third party funds.
Profit for the tax rose by 61% to A$12.9mln, while cash generated from concluded cases increased by 22% to A$37.5mln.
There is no dividend for the year with the cash kept back to invest in growth opportunities, said the statement.
Patrick Moloney, chief executive, added: ” I am pleased to deliver a strong set of results following a year marred with global disruption.
“LCM’s performance during the period was underpinned by our maturing balance sheet of direct investments which is beginning to deliver high yielding resolutions.
“We continue to build scale across our portfolio of investments and asset management business and anticipate an increased demand for our financing solutions as the effects of COVID on businesses starts to unfold.”