A crowdfunding platform in the UK looking to back small cases hopes to deliver high returns
The growing popularity of litigation finance has been fuelled by billions of dollars from hedge funds, private equity and other institutional investors. Now a crowdfunding platform due to launch in the UK early next month is hoping to spread the word — and the high returns — to private investors.
In recent years, money has been pouring into litigation finance businesses, which provide upfront funding for claimants who cannot afford to fight legal disputes in return for a share of any settlement or damages. Most funders seek big cases where the claims for damages are in the tens of millions of dollars.
