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- Armadillo Litigation Funding Closes $750M Investment Round
Armadillo Litigation Funding Closes $750M Investment Round
Armadillo Litigation Funding has announced the completion of a $750mm investment round — the manager’s largest investor commitment since the strategy’s inception eight years ago. Investments made by the fund will target traditional asset-backed loans to the legal industry, with a specialty focus in the Mass Tort arena.
Armadillo’s management team began operations in the first quarter of 2014, under the direction of its Chairman and CEO, Nick Johnson. Mr. Johnson is the sole owner of the Johnson Law Group and Armadillo, both headquartered in Houston, TX.
“This $750 million round is a testament to the Armadillo team’s track record of generating exceptional returns in perhaps the most difficult interest rate environment in history,” Johnson said. “Our expertise in the mass tort industry has allowed us to navigate this lucrative niche better than anyone else, providing unique opportunities to our borrowers and superior results to our investors.”
The mass tort industry has experienced significant growth over the last decade, with some of the largest litigations settling over the previous two years. Armadillo expects this growth to continue, and this new round of financing cements the company’s leading position in the industry.