Kerberos Capital Management looking to raise $300 million

Kerberos Capital Management is looking to raise $300 million for its third fund. The Chicago-based funder provides senior secured, recourse loans to law firms that generate success-fee based revenue by litigating mass tort, class action and personal injury claims. Its last two funds have each produced greater than 20% net IRRs, according to a recommendation report prepared for the board of the Arkansas Teacher Retirement System, which is considering investing $30 million into the fund. Read the board packet with the report.

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