Reed Smith advises Aristata Capital on formation of Soros-backed impact litigation fund

Keep Reading

Funder News

Aristata Capital secures nearly £40 million for impact litigation 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.

In the News

UK litigation funders’ war chests grow as class action interest mounts

UK-based litigation funders have amassed record war chests to finance the growing interest in class action law suits, according to a new study by RPC. Litigation funders’ assets jumped 11% last year to hit £2.2bn, almost double the £1.3bn that had been built up in 2017/18 and a more than ten-fold increase over the past decade. RPC’s analysis is based on regulatory data submitted by 15 of the largest UK litigation funders. Raymond van Hulst, EMEA executive director of Omni Bridgeway notes, however, that while low interest rates and excess liquidity had previously driven growth, a combination of rising inflation and higher interest rates means only the most successful funds will likely be attractive going forward and funders with low success rates will struggle.

Funder News

A law firm launch like no other – does Pallas Partners’ slick London premiere herald a blockbuster?

Natasha Harrison, who previously spearheaded the launch and growth of Boies Schiller Flexner’s London office, has launched a new breakaway litigation practice, comprised of 27 former Boies Schiller staff in total, including five partners. Pallas Partners will focus on commercial disputes, principally litigation, arbitration and investigations and plans to work closely with litigation funders. The firm will work with clients to devise pricing structures that are most suitable to them, from conventional mandates to damages-based agreements. It will employ a pricing analyst to help devise these, while also building up a portfolio-based approach when working with litigation funders.

Before You Go

Never miss a thing in the litigation finance market.