Litigation funding firm Validity Finance has raised $100 million from its private equity backer and other large investors as the coronavirus pandemic boosts opportunities for litigation investors.
Validity is at least the fourth major litigation finance firm to raise capital this year, bringing new money in the market in 2020 to more than $900 million. Investors have poured money into companies that invest in litigation in exchange for a share of the returns, and a survey last year said U.S. litigation funders had access to nearly $10 billion in capital.
Validity, which has offices in New York, Chicago, Houston, and ...