RD Legal Capital, which manages a hedge fund focused on litigation financing, is seeking money from foundations, endowments and pensions as it hopes to raise assets to $200-400 million. "We are the only fund that I'm aware of [...] in the post-settlement factoring business," Roni Dersovitz, founder and portfolio manager of the RD Legal Funding Partners fund, told AIN. And the lack of liquidity in the marketplace has opened up an abundance of opportunities.
"Attorneys who we market to have no other sources of liquidity," Dersovitz...
This article was originally published in Alternative Investment News.