Why Investors Are Taking The Leap To 3rd-Party FundingSkyscrapers in New York City. (iStock)
When Burford Capital announced this year that it had sold a portion of its interest in a federal suit, investors intrigued by the prospect of backing legal claims got a rare midcase glimpse of a litigation funding windfall.
With the suit ongoing in a New York federal court, Burford said just one-quarter of its interest in the so-called Petersen Group case went to unnamed institutional investors for $106 million — a more than fivefold return on Burford’s $18 million...
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