Chicago-based litigation finance firm Longford Capital says it has raised $682 million to close its third private fund, signaling that investors continue to view litigation as a ripe asset for returns.
The figure includes $434 million that Bloomberg Law reported in January, meaning Longford added about $250 million in additional fundraising before closing the fund.
“There has absolutely been an increased interest on the part of more institutional investors,” Timothy Farrell, a co-founder and managing director of Longford, said in an interview. “It is another indication of the evolution of the asset class.”
The fund marks another success for ...