Law Practice,
Civil Litigation,
Bankruptcy
Mar. 30, 2021
San Francisco litigation fund expands to bankruptcy cases
The debtor-in-possession fund, Legalist DIP Fund I, closed in early March and has so far raised $50 million, which will be used to provide, unlike other traditional funds, financing of $1 million to $10 million to small companies in Chapter 11 bankruptcies, according to co-founder and CEO Eva Shang.
Legalist Inc., the San Francisco based legal asset manager handling more than $200 million in assets, has expanded its middle market financing strategy to include bankruptcy.
The debtor-in-possession fund, Legalist DIP Fund I, closed in early March and has so far raised $50 million, which will be used to provide, unlike other traditional funds, financing of $1 million to $10 million to small companies in Chapter 11 bankruptcies, acc...
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