Bloomberg Law
Jan. 27, 2020, 11:02 AM

Litigation Finance Fund Launches With $345M, Industry Veterans

Roy Strom
Roy Strom

Chicago-based litigation finance firm GLS Capital is formally launching with $345 million in capital commitments to invest in lawsuits.

The fund is managed by three former employees of Burford Capital. Two were the first employees hired in 2013 at Gerchen Keller Capital—which was acquired by Burford in 2016.

GLS Capital is the latest entrant in a burgeoning asset class that has grown in the U.S. to include more than 40 investment companies wielding nearly $10 billion in capital, according to a recent survey from Westfleet Advisers.

Litigation finance firms invest in cases by paying lawyers’ fees and expenses in exchange ...

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