Key Takeaways
- • Corbin Capital Partners announced the final close of CLF I, L.P. (Corbin Litigation Finance Fund I) with $342 million in committed capital across the fund and related co-investments.
- • The fund focuses mainly on commercial litigation funding, including business disputes, anti-trust, mass torts, bankruptcy-related litigation, and intellectual property.
- • Corbin takes a credit-like approach, targeting later-stage, shorter-duration, diversified asset pools with additional downside protection.
- • CLF I has already deployed into 26 investments and is expected to be fully deployed over the next 18-24 months.
- • Corbin, a majority woman-owned independent alternative asset manager with $10.1 billion in AUM as of March 1, 2026, has invested in litigation finance since 2018.
Summary
CLF I concentrates mainly on commercial litigation funding, including business disputes, anti-trust, mass torts, bankruptcy-related litigation, and intellectual property. Corbin describes its approach as credit-like, targeting later-stage, shorter-duration and diversified asset pools that offer additional downside protection. The fund is positioned as a flexible and creative capital provider across market environments, with a stated emphasis on alignment, structuring and implementation.
Cesar Bello, Partner and Director of Litigation Finance at Corbin, said the close reflects investor appetite for uncorrelated, credit-oriented strategies. He argued that litigation finance offers an idiosyncratic return profile that is particularly attractive amid volatile geopolitical and market conditions, noting that periods of dislocation often drive increased litigation activity and a growing opportunity set.
The fund has already deployed into 26 investments and is expected to be fully deployed over the next 18 to 24 months. Corbin said its multi-strategy platform and longstanding partner relationships across capital markets provide a strong sourcing channel. The firm has invested in litigation finance since 2018, leveraging its legal credit expertise alongside its broader investment platform.
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