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Australian-based IMF Bentham Ltd. said this week that it had raised up to AUD$150 million, or more than $115 million, from two institutional investors to finance the litigation funder’s future cases in Asia, Australia, Canada and Europe.

The move is the latest large fundraising in the growing litigation finance industry, coming fresh on the heels of Chicago-based Longford Capital Management LP announcing last month that it had raised $500 million for a U.S.-based fund.

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