LexShares Raises $100 Million for Litigation Funding ‘Certainty’

LexShares litigation funding company closed a more than $100 million fund that it said gives “certainty” for quickly getting capital to law firms and their clients.

Titan Advisors, an alternative investor in Stamford, Conn. with more than $4 billion in assets, was a lead contributor for the fund that targets “mid-sized” deals of $2 million to $50 million in claims, LexShares Chief Executive Officer Cayse Llorens said. He didn’t disclose the amount of Titan’s support.

“We have certainty of funding,” Llorens said in an interview. “We are able to provide more and more capital to mid-market and boutique law firms ...