Good morning! Outside of lawyers and the gawkers who populate courtroom galleries looking for entertainment, few people look forward to court appearances and all the prep work that legal actions entail. But a rising class of investors are finding ways to cash in, or at least try to, on civil litigation that increasingly clogs judicial dockets. As WSJ Pro’s Will Louch reports, one of the latest entrants in the litigation finance market has just closed on $100 million of commitments for its newest fund—almost 10 times more than the firm raised with its debut vehicle in 2017. The key for Legalist Inc.’s fundraising success may be the technology it has developed to sort out which cases to back. Read more below.
In Southeast Asia, TPG Capital is reported to be part of a group that has agreed to buy hospital assets in the region owned by Columbia Pacific Management Inc. for around $1.2 billion, the Journal’s P.R. Venkat and Yantoultra Ngui report, citing people familiar with the process. TPG is partnering in the deal with Malaysian conglomerate Hong Leong Group.
Read the full article on The Wall Street Journal.