Validity Finance raises second managed fund of $70 million

New York-based Validity Finance has raised a new managed fund of $70 million in capital commitments.

Validity’s latest fund investors include its original private equity investors, as well as previously committed third-party investors and a prominent family office.

Validity was launched in mid-2018 and has already committed nearly $300 million towards clients in more than 40 separate investments. Of the $300 million, approximately half has been committed in the last 18 months.

Validity CEO Ralph Sutton commented: “The pandemic created enormous challenges for pending cases, with trial dockets slowed and financial pressures weighing on many claimants. We’re fortunate to have maintained a strong pipeline of capital and a circle of investors who support our approach to fairness and client needs. We’re especially pleased to welcome some prominent new investors into the fold.”

For the months ahead, Validity plans to continue expansion plans that were put on hold during the pandemic, with more growth anticipated before the end of 2021. Validity has two U.S. offices (New York and Houston) and recently marked the one-year anniversary of launching its Tel Aviv office.

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Validity Finance Expands to Washington, D.C.

Validity Finance has expanded to Washington, DC, adding international disputes lawyer Nicole Silver as an investment manager. Nicole was previously a shareholder with Greenberg Traurig, representing governments and corporate clients in international arbitration proceedings, as well as in complex civil litigation, white-collar defense and internal investigations. Validity has also added renowned DC litigator and law firm leader Bert Rein as a senior advisor. One of the country’s top antitrust and commercial litigators, Mr. Rein is a founding partner of national law firm Wiley Rein and an expert on international law. In his new advisory role, he will assist Validity in furthering connections with major law firms and potential clients.

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