Burford Capital — the largest litigation finance firm by assets under management — has hired two new managing directors focused on deal sourcing and marketing, the firm announced Monday.

David Perla and Greg McPolin began at the New York City-based Burford Capital on Monday. Both previously worked at Pangea3, a legal process outsourcer that Perla founded in 2004. At Burford, he has been tasked with overseeing deal origination and marketing globally.

Litigation finance, a fairly young investment niche, involves finding and bankrolling lawsuits in exchange for interest and/or a cut of the proceeds, in the event of a successful settlement or judgement.

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