Legalist
Legalist, Inc. is an investment firm that specializes in alternative assets in the private credit industry. Today the firm manages over $665 million across three separate strategies: litigation finance, bankruptcy (debtor-in-possession or DIP) financing, and government receivables lending. The firm’s clients include institutional investors such as endowments, foundations, hospitals, insurance companies, and family offices. History. The company was founded in 2016 by Harvard University undergraduates, Eva Shang and Christian Haigh, and was part of that year's Summer Y Combinator Demo Day. In November 2017, Forbes Magazine included Legalist's founders in its "30 Under  30" Law & Policy list and reported that Legalist had raised $10.25 million over the summer. In September 2019, The Wall Street Journal reported that Legalist had raised and closed its second fund of $100 million. In April 2020, AngelList named Legalist among the 52 best startups to watch out for. In March 2021, Reuters reported that Legalist had raised $50 million for its first bankruptcy fund. By April 2022, Legalist managed over $665 million across three distinct private credit strategies: litigation finance, bankruptcy financing, and government receivables lending.