Litigation Finance / DIP Financing / Government Receivables

Legalist

Legalist is what LexShares was trying to build and what Burford does at institutional scale — a technology-driven litigation finance manager with $2B AUM, 248 realizations across four funds, and a two-thirds win rate — but it is not accessible to retail or accredited investors. This is institutional only, and the minimum tells you everything you need to know about who it is built for.

Platform Identity

Headquarters
San Francisco, CA, US
Founded
2016
Platform type
Institutional Alternative Asset Manager — Litigation Finance
Eligibility
qualified institutional

AltStreet Coverage

Review status
Published
Coverage type
Investment platform
Review date
May 6, 2026
Last updated
May 6, 2026
Structural signals
1 total

Key Data Points

EDGAR entities
7
Form D raised
$1.04B
Investors disclosed
426
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