Hunterbrook Global – the hybrid hedge fund and investigative media outfit – has reached a $100m valuation following a fresh funding round, as it reveals plans to expand into litigation finance, according to a report by the Financial Times.

The capital raise, which doubled the firm’s valuation since its 2023 seed round, was backed by notable investors including the Ford Foundation and VC firm Floating Point. The raise is distinct from the $100 million previously secured for its trading fund, Hunterbrook Capital.

Launched in 2023 by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, Hunterbrook blends journalism and finance by trading on exclusive scoops uncovered by its newsroom, Hunterbrook Media. The hedge fund uses early access to these proprietary insights to guide its long positions – a model that has generated a 31% return in Q2 2025 and 16% year-to-date.

While the firm initially intended to short stocks tied to scandals, a buoyant equity market shifted its focus to long positions in companies vetted and validated by its journalistic investigations. Recent portfolio names include Core Scientific, Evolv Technologies, Carpenter Technology, and Rocket Companies.

Now, Hunterbrook is pushing into litigation, launching a new business led by prominent media lawyer Joe Slaughter. The venture aims to partner with law firms on cases built around its investigative reporting, further monetising its newsroom’s output beyond trading.

Although Hunterbrook’s hedge fund is currently closed to new investors, founders Horwitz and Koppelman have increased their stakes and the firm remains committed to recycling fund profits into its newsroom.