Purchased a secondary market claim from a litigation funding company that provided a plaintiff advance to the victim of a car accident, and subsequently funded a portion of a spinal fusion surgery, further enhancing the case’s value.
Advanced $1.0 million of proceeds to a litigation funding company that provided attorney financing on a mass torts case that was settled in January 2024. Pursuant to the signed settlement agreement, the litigation funding company was owed $1.9 million and wanted to advance proceeds to originate new claims. The deal was paid back in 34 days and generated a 348% IRR / 1.15x MOIC.
Short Term Opportunistic Credit
Provided a $1.0 million unsecured bridge loan to a litigation funding company while their credit facility was locked due to failure to deliver year end audited financials in time. The deal was paid back in 60 days and generated a 127% IRR / 1.15x MOIC.
Angel Investing
Provided an angel investment as part of Release’s seed round – the company is a verticalized finance platform for multifamily property owners offering working capital, banking, and payment solutions.
