Litigation funder LexShares announced a new $100 million fund Wednesday, two years after closing its first fund allowing investments in a portfolio of lawsuits at $25 million.

The move marks a continued turn towards a model resembling other funders of commercial litigation for a company that, when it launched in 2014, focused on smaller, a la carte investments. While institutional investors and accredited individuals can still use the LexShares platform to identify and select individual cases to invest in, investors in the new fund will see returns based on the performance of all cases on the platform.

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