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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Kerberos announces world’s first ESG-linked debt product for litigation finance markets

Kerberos Capital Management has announced the introduction of a groundbreaking new direct lending product to law firms with a margin ratchet linked to ESG targets – the first debt product of its kind in Litigation Finance markets. The program is intended both to recognize and reward firms that have already established a commitment to advancing ESG factors in their work, and to incentivize qualifying firms to continue those efforts into the future.

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