With demand for litigation finance continuing to grow among businesses of all sizes, leading dispute funder Validity Finance reports it has raised a new managed fund of $70 million in capital commitments. The newly raised “sidecar” fund further diversifies Validity’s business and advances its experience as an alternative asset manager. To date, Validity’s third-party managed funds total nearly $150 million of assets under management, in addition to its permanent capital base.
Longford Capital Management, LP, a leader in commercial litigation finance, announced the final closing of its most recent fund (including a parallel fund, “Fund III”), at $682 million. Longford’s assets under management now exceed $1.2 billion, placing it among the largest private equity firms focused on investments in legal assets. Fund III is the third private investment fund Longford has closed since the firm began operating in 2013.
Liti Capital SA, a Swiss-based litigation funding provider that has opened up private equity investing to the masses through blockchain technology, is launching staking for its wLITI token.
The International Legal Finance Association (ILFA) has appointed Gary Barnett as Executive Director and General Counsel. Launched 12 months ago, ILFA (ilfa.com) is the first-ever global association devoted to the growing commercial legal finance industry.
