Corbin Capital Partners has raised $342m (£251m) in capital for CLF I, a litigation finance fund that focuses mainly on business disputes, anti-trust, mass torts, bankruptcy-related litigation and intellectual property.
Corbin says it takes a credit-like approach to litigation finance, targeting later-stage, shorter-duration and diversified asset pools with additional downside protection.
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“Litigation finance offers an idiosyncratic return profile that we believe is particularly attractive in today’s volatile geopolitical and market environment, where periods of dislocation often drive increased litigation activity and a growing opportunity set,” said Cesar Bello, partner and director of litigation finance at Corbin. “We believe our disciplined, credit-focused approach positions us well to capitalize on these dynamics on behalf of our investors.”
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The fund has already deployed capital into 26 investments and is expected to be fully deployed over the next 18 to 24 months.
Corbin has been involved in litigation finance since 2018, leveraging its legal credit expertise alongside the firm’s broader credit investment platform.
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