Investigative journalist Bill Myers does a deep dive on US funder Virage Capital Management, arguing that the firm’s high-risk, high-reward approach to its business—and its aggressive pursuit of debtors—has brought it unwelcome attention. Read more.
Investigative journalist Bill Myers does a deep dive on US funder Virage Capital Management, arguing that the firm’s high-risk, high-reward approach to its business—and its aggressive pursuit of debtors—has brought it unwelcome attention. Read more.
Wall Street’s latest blank-check company promises to be a litigation finance nightmare for property and casualty insurers. MSP Recovery, a Miami-area company that earns revenue by winning lawsuits against insurers, merged with a special purpose acquisition company in July. Earlier this month, MSP and its new partner Lionheart Acquisition Corp. II announced that Virage Capital Management LP, a litigation finance investor, had agreed to pay $3 billion for rights to collect 50% of future awards against insurance companies.
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