IN BRIEF: Burford Capital closes USD350 million post-settlement fund
13th Jun 2022 10:41
Burford Capital Ltd - New York- and London-based litigation finance - Closes USD350 million Burford Alternative Income Fund II LP, focused on post-settlement investments. "BAIF II will invest in settled litigation matters, monetizing a claimant's settlement and other associated legal receivables. The solution serves to meet the needs of law firms awaiting payment of their fees and clients eager to release cash from a settlement, who find it attractive to secure financing against those expected receipts," Burford says. Along with USD360 million bond issue and a USD360 million pre-settlement investment fund, Burford has raised over USD1 billion in past three months to "fund the further growth of its business". Read More