Daily updates on funding activities, investments, divestitures and more.
Fundraising
135 Articles
Litigation Funder Validity Finance Raises New Managed Fund of $70 Million to Commit Alongside Permanent Capital Base
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.
LegalPay’s First LitFin SPV Oversubscribed—Second SPV Announced
New-Delhi based start-up LegalPay has announced the closing of its first special purpose vehicle. The arbitration-focused SPV, which involved a pool of 8-12 cases that would diversify investment risk, was oversubscribed in record time, according to a recent statement from the company.
LCM Fund Attracts Investor Interest
The pandemic has made an unwitting impact on nearly every industry. Its impact on litigation funding was largely positive. Since the first COVID shutdowns began, funders around the world have been besieged with interest from investors, businesses, and clients hoping to launch individual or collective actions. Litigation Capital Management (LCM) has seen exceptional progress, even within the funding industry.
Longford Capital Raises $682 Million for New Investment Fund
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.
Litigation financing start-up LegalPay’s maiden fund oversubscribed
Notice Of Investor Event Date
$wLITI lists on Changelly PRO, on the heels of HitBTC and Bitcoin.com listings
BCCE Announces $12 Million Funding Round
Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to the Masses
Litigation Finance Product for Retail Investors Launches in India
One Delhi-based startup has created a litigation funding platform with retail investors in mind. Investors may now fund cases as a third party for as little as 25,000 rupees, or about $335 USD. Called LegalPay, the startup is focusing on late-stage commercial arbitrations.
Leading disruptor in civil litigation finds capital solution to drive unprecedented growth
Second Fund on Track for Litigation Capital Management
Litigation Capital Management maintains that its team has performed admirably in what has been a difficult and unusual year. On that note, LCM announced its second specialist litigation fund is on track to close this quarter, owing to explosive investor interest.
