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February 13, 2019  

Litigation Lender Exceeds Target

Litigation-finance shop Armadillo Financial has cut off capital-raising efforts for its latest fund, after securing $358 million of commitments.Armadillo Financial Fund 3 held its final close on Jan. 31. It had hit the market in early 2018 with a $300 million equity target.Armadillo operates as a joint venture between Houston attorney Nick Johnson and EJF Capital, an Arlington, Va., debt-fund manager that runs $7.3 billion. It offers financing to...

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