Investment powerhouse Pretium has closed its first-ever Legal Opportunities Fund, securing approximately $500 million in investor commitments, the firm announced Tuesday. Advised by Paul Weiss Rifkind Wharton & Garrison LLP, the New York-based firm is diving headfirst into litigation finance, an area ripe with opportunity as corporate legal battles continue to surge.
Unlocking Value in Legal Disputes
The newly launched fund attracted both existing and new investors and will be deployed to provide liquidity for plaintiffs, entitlement holders, and law firms engaged in corporate litigation, including patent infringement, antitrust cases, and federal commercial disputes.
“The demand for this fund underscores not only the evergreen opportunities in legal finance but also the strength of Pretium’s investment approach,” said Don Mullen, founder and CEO of Pretium. “We specialize in unlocking value in complex investments with high barriers to entry. Just as we’ve done in residential real estate, we’re now applying that expertise to legal finance, which we believe will generate substantial benefits for our investors.”
