As the litigation funders begin to pivot to the increasingly profitable mass tort sector, industry stalwart Rocade Capital announced it has closed on its fourth and largest fund for $470 million.
The fund said it received $220 million from investors and $250 million from global investment manager Barings LLC in a joint venture. Rocade provides loans to law firms, typically in the mass tort sector, with loans ranging from $10 million to more than $100 million. Rocade CEO Brian Roth says this fund will likely finance 20 to 25 US firms
“There has been capital flowing into the space a ...
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