The easy explanation for how Fortress Investment Group worked its way to the top of the polarizing, opaque business of litigation funding would be: It has a ton of money.
With about $6.6 billion committed to legal assets, Fortress backs law firms behind some of history’s biggest mass tort suits, such as the Roundup cases against Bayer AG and talcum powder litigation against Johnson & Johnson. It funds other litigation funders.
And with another $2.9 billion committed to intellectual property, the asset-management giant claims to be the world’s largest institutional investor in patents.
But its secret may be its intensity ...