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Burford pockets £52m as it lays off more risk of major investment

Top third-party funder Burford Capital has continued to lay off the risk of a massive investment, with its latest deal meaning that it has now sold off 25% of its entitlement to the proceeds of the case.

It sold off 15% yesterday for $66m (£52m), implying a total value for its investment of $440m.

Earlier this year Burford sold off 10% for $40m, indicating that the value of the claim is rising.

It followed the company’s announcement last July that it was looking to create a secondary market in funding.

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