Sydney-based litigation funder CASL is touting returns of 165 per cent from two lawsuits backed by its first fund, and is now pitching wealthy investors and family offices for a second offering.
Pitched as an “ESG asset”, CASL aims to raise a further $150 million on top of $156 million in its first fund, which has backed 13 actions including against Qantas, Downer EDI, James Hardie and the states of NSW and Victoria.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
