Validity Finance, a litigation funding company started in 2018 with the backing of TowerBrook Capital Partners, has raised $70 million as betting on lawsuits continues to attract investors.
Backers in the new fund include TowerBrook and a new, unnamed family office. The new funds follow the $100 million Validity raised in July 2020 as commitments surged during the early days of the pandemic.
“Many of the biggest, most profitable firms understand the value of non-recourse funding to help their clients and their own profitability, especially as time horizons for financial outcomes have stretched,” Ralph Sutton, who runs the fund, said ...
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