Chicago-based Calumet Capital, a private capital investor in contingent fee law firms, has announced a $300 million commitment from a global, multi-strategy alternative investment firm, as well as the addition of Matt Rimmer as Senior Director overseeing sales and marketing efforts. Matt previously served as the Vice President of Attorney Relations and Business Development for a commercial lender specializing in funding plaintiff firms.
Prior to his work in litigation finance, Matt worked closely with Calumet’s Managing Partner Bill Mulvey at a market-leading expert and managed legal services provider.
Dan Carroll, Calumet’s founder and Chief Executive Officer, said, “We are excited at the opportunities this commitment will provide to both our clients and investing partners. Calumet will continue to develop tailored financing solutions to contingent fee law firms, and for investors an opportunity to deploy capital in an attractive asset class.”