Aristata Capital, whose investment clients include the Soros Economic Development Fund (SEDF), is working to show that litigation finance in ESG-related cases can be a profitable investment, having had the first close for its Aristata Impact Litigation Fund I, which focuses on social impact litigation, in July. Read more.
Law firms are teaming up with litigation funders such as Harbour Litigation Funding and Aristata Capital to hold leaders of companies accountable in ESG matters, bringing litigation against the poorest performers.
Reed Smith has advised London-based Aristata Capital on the first closing of its debut impact litigation fund that is designed to improve access to justice and finance claims across a range of sustainability issues. The Aristata Impact Litigation Fund secured almost £40m of investor commitments, including from Capricorn Investment Group’s Sustainable Investors Fund and the Soros Economic Development Fund.
London-based Aristata Capital has announced that it has secured nearly £40 million of capital for its first impact litigation fund. The firm will aim to produce significant and measurable impact across a global portfolio of claims including human rights, environmental protection, climate change, equality, indigenous rights, and a range of other critical cause areas, while still providing investors with above market, uncorrelated returns from investments in commercial litigation. The first closing round was anchored by Capricorn Investment Group’s Sustainable Investors Fund and The Soros Economic Development Fund and includes several foundations as well as a number of family offices.
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