LexShares Opens Books on Litigation Bets to Attract $100 Million

Litigation finance company LexShares is releasing its historical returns from investing in lawsuits with the hope the disclosures will help the six-year old firm meet a fundraising target of $100 million.

The firm, founded in 2014 by a former Deutsche Bank associate, said it had already raised $30 million for the new fund and is seeking roughly $70 million more from accredited investors.

LexShares joins a growing group of litigation finance players to announce new fundraising since the start of 2020, as many in the industry expect a surge of spending on coronavirus-related lawsuits despite a flagging economy.

Last month, ...