Litigation finance firm Parabellum Capital has raised a new fund with commitments exceeding $450 million, raising cash ahead of a potential torrent of coronavirus-related lawsuits and providing fresh evidence the industry remains popular with investors.
Virus Lawsuits: “There will be a slew of litigation that will derive from this experience,” Parabellum CEO Howard Shams said in an interview, referring to the pandemic.
Supply and Demand: Shams said litigation funders face “commoditization” as the amount of capital in the U.S. committed to finance commercial litigation has grown to roughly $10 billion. But he said the coronavirus has also eliminated some competition. Roy Strom has the story.
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