Litigation Financing Co. Closes Second Fund At $500M
Law360, New York (September 18, 2017, 1:25 PM EDT) -- Litigation funder Longford Capital Management LP on Monday said it closed its second private investment fund at its $500 million cap and hailed the fund as the largest of its kind in North America.
Longford Capital Fund II LP, the private investment company's second fund since 2014, officially closed on Aug. 31 after beginning fundraising on Nov. 1, 2016, and will be used to invest invest in commercial litigation claims that, in the company’s opinion, have strong merit and a good chance of succeeding.
Monday’s announcement details that roughly $100 million from the fund has already been committed to new investments....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!