A George Soros-backed litigation funder that focuses on driving social and environmental change closed on its first fund for about $67.2 million (£52 million).
Aristata Capital Ltd, based in London, describes itself as the first litigation funder of its kind, as it finances lawsuits that aim to deliver systemic change and empower marginalized voices. The portfolio, anchored by money from Capricorn Investment Group, will target issues globally, including environmental protection, climate change, indigenous rights and human rights.
“Access to justice and leveling the playing field and fairness are absolutely at the core of what we are trying to do,” said ...