Bloomberg Law
Jan. 19, 2021, 10:03 PM

Longford Capital’s Bill Strong Resigns, Firm Raises $434 Million

Roy Strom
Roy Strom

Bill Strong, a former Morgan Stanley executive who helped Longford Capital attract big-time investors and become a $1 billion business, has resigned as chair of the Chicago-based litigation finance firm, a co-founder confirmed on Tuesday.

Strong will step back from a day-to-day role that saw him serve as the Chicago-based litigation finance firm’s main fundraiser and contact for investors, William Farrell, a Longford co-founder and managing director, said in an interview. Strong remains a member of the firm’s general partner entities and is a limited partner in its three funds.

Meanwhile, Longford last week filed documents with the U.S. Securities ...

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