Bentham Unveils $500M US-Focused Litigation Finance Fund

Law360 (November 30, 2018, 5:43 PM EST) -- The U.S. arm of Australian litigation funder IMF Bentham Ltd. on Friday said its latest investment fund scooped up $375 million at its first close and is expected to reach the $500 million mark by the end of the year, as the firm looks to meet a growing need for financing resources.

U.S.-based Bentham IMF said investors contributed $375 million to the commercial litigation fund, including a $100 million commitment from its parent company, and expects an additional $125 million from external sources before the close of 2018.

The fund — the fourth overall for IMF and its second in the...

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