At a glance
- The Form D lists the strategy as "other pooled funds" and classifies the issuer as an "other investment fund" within the pooled investment fund industry group.
- The fund's name suggests litigation finance.
- For allocators evaluating a litigation-finance strategy, the unsold amount is the capacity still open in the vehicle.
LPC Litigation Fund V LP has sold $5.8 million of a $100 million offering, according to a Form D filed with the SEC on Nov. 2.
The Form D lists the strategy as "other pooled funds" and classifies the issuer as an "other investment fund" within the pooled investment fund industry group. The fund's name suggests litigation finance.
The first sale came Oct. 15, 18 days before the Nov. 2 filing, leaving $94.2 million of the $100 million offering unsold.
For allocators evaluating a litigation-finance strategy, the unsold amount is the capacity still open in the vehicle.
Reported by the Raises & Launches desk from SEC EDGAR. Published . Corrections