AxiaFunder sources and carefully vets cases that we consider suitable for investment which then become available on the website. Registered litigation funding investors are granted direct access to these legal cases and can individually choose which to add to their investment portfolio.
When a case is funded, an up-front fee is paid by the claimant from the funds raised. The net funds raised are held in a Special Purpose Vehicle (SPV) and used to finance the litigation case.
If the claim succeeds (at trial or via settlement), the SPV receives a contractual return. This is usually a share of the damages received or a fixed return per annum. We deduct our success fee percentage from the gross return from the case and the remainder, net of any expenses and taxes, is payable to the case investors.
If a claimant loses, then the investors are likely to lose all, or a significant portion of their investment, depending on whether or not there is some principal-protection in place via insurance cover from After The Event (ATE) insurance provider.
For further information about our investment approach, go to https://www.axiafunder.com/our-investment-approach.
For the past 7 years Cormac has focused on the alternative finance space. Here he was closely involved in raising over $2bn for direct lending funds as a founder and director of the Liberum Alternative Finance, and also incubating several fintech startups. He has also been a senior consultant to private equity groups including VPC after spending a number of years in strategy consulting at McKinsey. Cormac holds an MBA from INSEAD, a MSc in Computer Science from Oxford university, a First Class Honours degree (BSc) in Mathematical Physics from University College Dublin (where he graduated top of class).
Michael has practised as a solicitor since 1978, specialising in commercial litigation, having been a partner in firms such as Bond Pearce and Hammond Suddards, as they then were. His practice was divided between defending a wide range of professionals, general commercial litigation and advising insurers on policy drafting and policy disputes. In July 2008, he joined Temple Legal Protection, to develop their commercial litigation ATE underwriting insurance division. He subsequently left this role in order to set up his own ATE underwriting agency, Lakehouse Risk Services Limited, which commenced operations in June 2016, to insure commercial litigation in the UK and Ireland.
Noor is an international arbitration and art law specialist with over 12 years' experience. She is a Solicitor Advocate of the English Courts. Her focus areas are investment and commercial arbitration, public international law, and art law. She was previously a Deputy Counsel at the ICC and a case assessor at Vannin Capital. Her representative experience includes advising investors and States in ICSID and UNCITRAL arbitrations, and acting for corporations and individuals in ICC, LCIA, DIAC, DIFC-LCIA and ADCACC arbitrations, as well as litigation in the English courts and DIFC courts. Her academic work has included partnering with the US Department of Commerce, corporations, and universities worldwide, on legal drafting courses and art law and arbitration programmes she has engineered and led.
Sophie was previously the co-founder and CMO of Xanadu, an internet startup focusing on Chinese outbound travel, where she worked with the IT team in developing the Company’s travel aggregator website. In this role, Sophie was also responsible for all online/offline marketing, business development and operations for the group of +80 employees. Her expertise spans offline/online marketing, personnel management and business operations. Sophie previously spent a number of years working for L'Oreal International where she gained in-depth international strategic marketing and product development experience at L’Oreal International. Sophie holds an MBA from INSEAD.
Diana has previously completed internships at ING and British Business Bank supporting the organisation’s strategy in reducing regional imbalances in SME access to finance. Diana holds a MA in Comparative Business Economics from University College London and a First Class Honours degree (BA) in Business Economics from University of Greenwich. She has volunteered for a year at XLP, a mentoring project working with young people in disadvantaged communities in London. Diana is also fluent in both Russian and Lithuanian.
Rabin has spent the past two decades working in finance in a range of positions from investment banking and project finance to equity research and fund management for leading international institutions such as Rothschild, Credit Suisse and JP Morgan. In his most recent roles, he successful managed portfolios worth hundreds of millions of dollars for a number of major hedge funds including UBS O’Connor and Bluecrest Capital Management. Rabin started his career in strategy & operations consulting with Deloitte in Asia. He holds a Masters in Engineering (Hons) from Oxford University, a Postgraduate Certificate in Design, Manufacture & Management from Cambridge University and an INSEAD MBA (Full Scholarship).
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