A European-based litigation funder, Vannin Capital, has launched in New York and hired three commercial litigators from large firms who will be investment directors.

The fund announced Tuesday that it had hired Michael German, previously an associate at Arnold & Porter Kaye Scholer; Alan Guy, formerly an associate at Freshfields Bruckhaus Deringer; and Carolina Ramirez, who was a Dentons associate.

Vannin Capital launched in the United States last year when it opened a Washington, D.C., office with Jeffery Commission, another former Freshfields Bruckhaus lawyer.

The funder said two other members will be joining its team shortly and it wants to launch a presence in the Midwest and the West Coast.

Last year, Vannin announced an increase in capital to $500 million.

Vannin is the second international litigation funder to announce that it is opening or expanding in the United States in just the last two weeks. London-based Woodsford Litigation Funding Ltd. announced on July 24 the launch of its first U.S. office, which will be based in Philadelphia. Woodsford also announced that former Southern District Judge Shira Scheindlin was joining the company.