Source: Bloomberg Law
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…
Read full article: https://news.bloomberglaw.com/business-and-practice/rocade-closes-470-million-fund-to-back-mass-torts-law-firms
