Bloomberg Law
May 26, 2020, 10:00 AM

Parabellum Capital Raises $450 Million as Virus Lawsuits Loom

Roy Strom
Roy Strom

Litigation finance firm Parabellum Capital has raised a new fund with commitments exceeding $450 million ahead of a potential torrent of coronavirus-related lawsuits, new proof that betting on court battles remains popular with investors despite the current crisis.

The nearly 15-year-old business of investing in lawsuits in exchange for a portion of their rewards has seen dramatic growth in the past few years, drawing billions in investment and luring dozens of former Big Law attorneys into the relatively nascent industry.

Many in litigation funding expect a surge of investments in the coming months to help companies access courts as they ...

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