Legalist closed on its fourth and largest fund dedicated to litigation finance for $415 million. The fund will continue to focus on the low to mid-range cases that Legalist specializes in. It’s a bright spot in a difficult market for capital.
The announcement comes as the funder celebrates 10 years in the litigation finance space. Shang co-founded Legalist in 2016 after dropping out of Harvard and obtaining a $100,000 grant from Peter Thiel’s foundation.
“When we launched in litigation finance, we were very much a niche underdog, and I like to think that we have preserved that status over the years, even though we’ve grown and our strategy has grown as well,” she said.
Read the full article on the Bloomberg Law.