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.