Category Archives: Fundraising
Litigation Funder LegalPay Closes Rs 12 Crore Interim Financing Bond
LegalPay, India’s first and largest player in the legal financing industry, has announced the successful closure of its Rs 12 crore Interim Financing Bonds.
LitFin Announces Establishment of New Fund
In a post on LinkedIn, Ondřej Tyleček, partner at LitFin, announced that the European funder has established a new fund: LitFin SICAV a.s….
David Gallagher and Ajit Singh Launch The Litigation Fund
The litigation finance industry is once again showing signs of strength and continued growth, as another new startup funder has announced its entrance into the market. In a post on LinkedIn, David Gallagher announced the launch of The Litigation Fund, which he is founding alongside Ajit Singh. …
EJF CAPITAL AND ROCADE LLC RAISE APPROXIMATELY $470 MILLION FOR CREDIT-FOCUSED LITIGATION FINANCE PLATFORM
EJF Capital LLC (“EJF Capital”), a global alternative asset management firm, today announced the successful close of its fourth installment of litigation finance investment vehicles, Rocade Capital Fund IV LP and Rocade Capital Offshore Fund IV LP (the “Funds”) with approximately $220 million in investor subscriptions and commitments. Previously, EJF Capital and funds affiliated with Barings LLC, one of the world’s leading investment managers, formed a joint venture specialty finance company, Rocade LLC (“Rocade”), with $250 million of committed capital designed to invest alongside the Funds. The combined capital commitments raised across Rocade and the Funds totals approximately $470 million.
Aristata Capital Completes Final Closing of Impact Litigation Fund Dedicated to Driving Positive Social and Environmental Change
Aristata Capital is pleased to announce that it has secured nearly £52 million of capital at final closing for its first impact litigation fund, Aristata Impact Litigation Fund I LP (AILF I).
BURFORD CAPITAL ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES
Burford Capital Limited (“Burford” or “Burford Capital”), the leading global finance and asset management firm focused on law, today announces the planned private offering of $400 million aggregate principal amount of senior notes due 2031 (the “Notes”) by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Notes, the “Securities”).
Risk Averse Investors Adds Pressure to Funders Seeking Capital
The beginning of 2023 saw much speculation that litigation funding was about to enter the next phase of impressive growth, fueled by a rise in litigation that often accompanies an economic downturn, and the associated need for outside capital as legal budgets are tightened. However, it has recently been emphasized that funders are not insulated…
TowerBrook Capital Cuts Investment with Validity; Funder to Lay Off Over Half its Staff
Private equity firm TowerBrook Capital was Validity Finance’s primary investor in the firm’s 2018 launch. However, TowerBrook has announced that it will cease to continue funding Validity due to a perceived lack of enterprise value, this despite Validity’s high internal rate of return (34%)….
LEGALPAY LAUNCHES USD 3 MILLION FUND TO FACILITATE SPORTS DISPUTE RESOLUTION INDIA
LegalPay, India’s first and largest litigation financier, is breaking into the world of sports law disputes. In a first, the company has announced the launch of a $3 million fund for sports disputes with a focus on supporting the rights of athletes in India while also addressing disputes pertaining to broadcasting rights, endorsement & advertising aiming to boost the sports industry. With a tenure of four years, the sports focused fund has no limit on the ticket size.
Litigation Funder LegalPay Launches Super-Senior Bonds for HNIs Worth ₹ 50 crores
LegalPay, India’s first tech-based interim financier and litigation funder for commercial litigations and arbitrations, has launched Super Senior investment-grade rated bonds worth ₹ 50 Crores for High Net-worth Indi
