Conifer holds 5.6% of Burford Capital (NYSE: BUR) shares

Rhea-AI Filing Summary

Burford Capital Ltd received a Schedule 13G from Conifer Management, L.L.C. reporting a sizable institutional position. Conifer, a Delaware-based investment adviser, reports beneficial ownership of 12,148,278 ordinary shares, representing 5.6% of Burford’s outstanding class as of the event date.

Conifer reports sole voting and sole dispositive power over all 12,148,278 shares, with no shared power. The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Burford Capital.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Burford Capital Ltd

(Name of Issuer)

Ordinary shares, no par value

(Title of Class of Securities)

G17977110

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G17977110

1

Names of Reporting Persons

Conifer Management, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,148,278.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,148,278.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,148,278.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Burford Capital Ltd
(b)	Address of issuer's principal executive offices: Oak House, Hirzel Street, St. Peter Port, Guernsey GY1 2NP
Item 2.
(a)	Name of person filing: Conifer Management, L.L.C.
(b)	Address or principal business office or, if none, residence: 45 ROCKEFELLER PLAZA, 34TH FLOOR NEW YORK, NY, 10111
(c)	Citizenship: Delaware
(d)	Title of class of securities: Ordinary shares, no par value
(e)	CUSIP No.: G17977110
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,148,278
(b)	Percent of class: 5.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 12,148,278
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12,148,278
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Conifer Management, L.L.C.

Signature:	/s/ Gregory Alexander
Name/Title:	Gregory Alexander, Managing Member
Date:	02/13/2026

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

FAQ

What stake in Burford Capital (BUR) does Conifer Management report?

Conifer Management reports beneficial ownership of 12,148,278 Burford Capital ordinary shares, representing 5.6% of the outstanding class. This level of ownership requires a Schedule 13G filing to disclose the position and related voting and dispositive powers.

What type of investor is Conifer Management in the Burford Capital 13G?

Conifer Management is identified as an investment adviser filing under Rule 13d-1(b). This indicates it holds Burford Capital shares on behalf of clients in the ordinary course of business, rather than as part of a plan to influence corporate control.

What voting and dispositive powers does Conifer have over Burford Capital shares?

Conifer reports sole voting power over 12,148,278 shares and sole dispositive power over 12,148,278 shares, with zero shared power. This means Conifer alone can vote and decide when to sell these reported shares, subject to its clients’ economic interests.

Does Conifer intend to influence control of Burford Capital (BUR)?

Conifer certifies the Burford Capital shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also notes the position is not part of any control-related transaction or group arrangement.

Who signed the Burford Capital Schedule 13G on behalf of Conifer?

The Schedule 13G was signed by Gregory Alexander, identified as a Managing Member of Conifer Management, L.L.C. His signature certifies, after reasonable inquiry, that the information in the statement is true, complete, and correct to the best of his knowledge.

What disclaimer does Conifer make about beneficial ownership of Burford Capital shares?

The filing states each reporting person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest. This clarifies they do not concede full beneficial ownership beyond the economic interest they or their clients actually hold.