Litigation Funding Investment Opportunities

Limited partnership funding of £110,000 to £385,000 required to fund disbursements on a portfolio of 40-140 Housing Disrepair (HDR) claims litigated by a law firm with a dedicated team specialising in HDR claims, and a strong HDR track record. AxiaFunder has previously raised £550,000 for this law firm via Offer ID 4647 and Offer ID 4452. The capital raised previously is expected to be fully deployed in the next 2 weeks. We anticipate that the capital from this Offer will be deployed over 5 to 6 weeks, in approximately equal tranches. We expect 80-85% of the HDR claims will be successful (and that over 95% will settle pre-trial). Any unsuccessful claims will be replaced by the law firm at no cost to the Partnership. The Defendants are housing associations and local councils with clear ability to pay settlements. ATE insurance cover has been obtained. In the unlikely event the law firm is unable to litigate the cases, the claims will be assigned to another law firm. This Investment Offer has an attractive risk reward profile, in our view, with an expected return of c 19-21% per annum from a diversified portfolio of claims. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 6 and 15 months from when the Offer closes.

Limited partnership funding of £38,000 required to fund a professional negligence claim against a defendant law firm, in relation to the inadequate provision of advisory services to the Claimants and acting against their interests. This claim has been previously funded by Offer ID 2510 and Offer ID 3536. Returns for the current Offer will rank ahead of the previous Offers. Existing investors will be notified about this opportunity first since some reduction of the accrued returns for the previous Offers is likely to be required to enable a negotiated settlement. The Claimants’ solicitor is engaged on a full CFA i.e. 100% of the fees are contingent upon a successful case resolution. The Claimants have obtained £225,000 of investment grade adverse cost insurance. Investors will potentially have an MoC of 2.1x if the claim resolves successfully via settlement after 12 months from the partnership share issuance and an MoC of 2.8x if the claim resolves successfully at trial. If the claim is unsuccessful, investors are unlikely to recover any of their invested capital. The additional funding is required to cover the counsel’s fees over the next few months (if no settlement is reached). The initial maximum investment amount is set at £5,000 per investor to enable better participation among existing investors.

Limited partnership funding of £55,000 to £275,000 required to fund disbursements on a portfolio of 20-100 Housing Disrepair (HDR) claims litigated by a law firm with a dedicated team specialising in HDR claims, and a strong HDR track record. AxiaFunder has previously raised £275,000 for this law firm via Offer ID 4452. The capital raised by the previous offer has already been fully deployed. In contrast to previous HDR offers, we anticipate that the capital will be deployed gradually in 3-4 approximately equal tranches over a few weeks. We expect that 80-85% of the HDR claims will be successful (and that over 95% will settle pre-trial). Any unsuccessful claims will be replaced by the law firm at no cost to the Partnership. The Defendants are housing associations and local councils with clear ability to pay settlements. ATE insurance cover has been obtained. In the unlikely event the law firm is unable to litigate the cases, the claims will be assigned to another law firm. This Investment Offer has an attractive risk reward profile, in our view, with an expected return of c 19-21% per annum from a diversified portfolio of claims. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 6 and 15 months from when the Offer closes.

Limited partnership funding of £55,000 to £275,000 required to fund disbursements on a portfolio of 20-100 Housing Disrepair (HDR) claims litigated by a law firm with a dedicated team specialising in HDR claims, and a strong HDR track record. This is the first AxiaFunder offer raising capital for the law firm. We expect that 80-85% of the HDR claims will be successful (and that over 95% will settle pre-trial). Any unsuccessful claims will be replaced by the law firm at no cost to the Partnership. The Defendants are housing associations and local councils with clear ability to pay settlements. ATE insurance cover has been obtained. In the unlikely event the law firm is unable to litigate the cases, the claims will be assigned to another law firm. This Investment Offer has an attractive risk reward profile, in our view, with an expected return of c 21-23% per annum from a diversified portfolio of claims. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 6 and 15 months from when the Offer closes.

Limited partnership funding of £215,000 required to fund a Francovich claim against a European-based tax authority for discriminatory overcharging of VAT. This claim was previously funded by Offer ID 2244 and Offer ID 2817. The additional funding will be used to fund a supreme court appeal hearing. Counsel estimates a 60-65% probability of winning the appeal. The Solicitor and Counsel are engaged on a partial CFA (placing at risk 50% and 35% of their fees, respectively). If the appeal is successful, we believe the Defendant will likely seek to settle. If the appeal is successful and no settlement is agreed, counsel estimates the probability of winning at trial would be 60-65%. This offer has an attractive risk-reward profile in our view. If the case succeeds at trial, we estimate investors will have a Multiple on Capital (MoC) of 9.5x (net of fees). If the case settles favourably at any time after 12 months from the Partnership share issuance, we estimate investors will have a MoC of 8.1x. If the case is unsuccessful, investors are unlikely to recover any of their invested capital. On a probability-weighted basis, we estimate an annualised IRR for investors of c 56%. This Offer is categorised as ‘High Risk’.

Limited partnership funding of £80,000 required to fund an unfair prejudice petition claim by the minority shareholders in a high value housebuilding business against the majority shareholder, in his capacity as the company’s main director. This claim is already fully funded to trial via Offer ID 3784, Offer ID 3565 and offer ID 3950. Counsel estimates the prospects of success at trial at 65-70%. There will be a split trial on liability and quantum, with the liability trial set for the end of October 2023 if no settlement is reached before then. An unacceptably low preliminary offer has already been made by the Defendants. The legal team believe the litigation is progressing well. The claim is valued at £2.7m - £4.1m with potential upside. Both the solicitor and a QC barrister are engaged on a full CFA i.e. with 100% of their fees being contingent upon a successful claim resolution. The additional funding is required to cover the claimants’ personal living expenses for the duration of the claim and some additional legal expenses. Investors will potentially have an MoC of 3.4x if the claim wins at trial or settles at any time after 18 months. If the claim is unsuccessful, investors are unlikely to recover their investment.

Limited partnership funding of £160,000 required to fund 2 unfair prejudice shareholder disputes by 3 Claimants who collectively hold 40% and 20% in 2 recruitment companies. The claims are valued at approximately £2.5m in aggregate. The Defendants are wealthy individuals who are likely to be capable of paying the likely level of damages that might be awarded or negotiated in any settlement. Counsel advises over 60% prospects of success at trial on the main claim if no pre-trial settlement is reached. The Claimants’ solicitor and counsel are both engaged on a 100% CFA (no win no fee basis). The Claimants have £600k of investment grade ATE cover. Investors will potentially have an MoC of c 3.0x if the claims resolve favourably via settlement or trial after 30 months from the date of partnership share issuance. If both claims are unsuccessful, investors are unlikely to recover any of their investment.

Limited partnership funding of £50,000 to £300,000 required to fund disbursements on a portfolio of 15-90 new Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. Separate portfolios of HDR cases litigated by the same law firm were previously funded via Offers Case ID 3907, Case ID 3936, Case ID 3949, Case ID 4006 and Case ID 3898. The capital raised in the previous offers has already been fully deployed. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £50,000 to £300,000 required to fund disbursements on a portfolio of 15-90 new Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. Separate portfolios of HDR cases litigated by the same law firm were previously funded via Offers Case ID 3907, Case ID 3936, Case ID 3949, Case ID 4006, Case ID 3898 and Case ID 4052. The capital raised in the previous offers has already been fully deployed. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £50,000 to £300,000 required to fund disbursements on a portfolio of 15-90 new Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. Separate portfolios of HDR cases litigated by the same law firm were previously funded via Offers Case ID 3907, Case ID 3936 and Case ID 3949. The capital raised in the previous offers has already been fully deployed. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £220,000 required to fund an unfair prejudice petition by a Claimant, who is a minority shareholder in a successful prime broker and hedge fund incubator, against the majority shareholders in their capacities as main company directors. Counsel estimates the prospects of success at trial at over 60%, if no settlement is reached beforehand. The business is performing well, and we expect enforceability will be relatively straightforward. The claim is valued at approximately £2.0m. Both the solicitor and a senior barrister have engaged to the end of trial on 100% and 50% CFAs respectively i.e. with 100% and 50% of their fees being contingent upon a successful case resolution. This current Offer is expected to fund the case through to the end of trial. The Claimant has £500k of investment grade ATE insurance cover. Investors will potentially have a MoC of 2.9x If the case wins at trial, or settles at any time after 24 months, with potential upside if the realised claim value is above £2.75m. If the case is unsuccessful, investors are unlikely to recover any of their investment.

Limited partnership funding of £60,000 to £230,000 required to fund disbursements on a portfolio of approximately 5-20 Undisclosed Commission (UDC) claims which will be run by several law firms. The claims will be sourced and managed via a tech-enabled litigation portal facilitating standardised documentation, process control, and regular reporting. Each funded claim will have a counsel’s opinion indicating over 60% prospects of success at trial and an expert valuation report. After factoring in pre-trial settlements, we expect an overall 80% claim win rate. Defendants are mostly well-capitalised and regulated finance companies or energy utilities with a clear ability to pay settlements. The solicitors running the claims will be paid on a 100% contingent fee basis and after the partnership has been paid in full — ensuring alignment of interests. The claims will be externally audited quarterly. The expected portfolio return is c 21% per annum. 87% of investors’ capital in each claim is protected by ATE insurance. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 24 months from when the Offer closes.

Limited partnership funding of £65,000 required to fund an unfair prejudice petition claim by the minority shareholders in a high value housebuilding business against the majority shareholder, in his capacity as the company’s main director. Counsel estimates the prospects of success at trial at 65-70%. There will be split trial on liability and quantum, with the liability trial set for the end of October 2023 if no settlement is reached before then. An unacceptably low preliminary offer has already been made by the Defendants. The legal team believe the litigation is progressing well. The claim is valued at £2.7m – £4.1m with potential upside. Both the solicitor and a QC barrister are engaged on a full CFA i.e. with 100% of their fees being contingent upon a successful claim resolution. This claim is already fully funded to trial via Offer ID 3784 and Offer ID 3565. The additional funding is required to cover the claimant’s personal living expenses for the duration of the claim. Investors will potentially have an MoC of 3.1x if the claim wins at trial or settles at 24 months. If the claim is unsuccessful, investors are unlikely to recover their investment.

Limited partnership funding of £150,000 to £300,000 required to fund disbursements on a portfolio of 45-90 new Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. Separate portfolios of HDR cases litigated by the same law firm were previously funded via Offers Case ID 3907 and Case ID 3936. The capital raised in the previous offers has already been fully deployed. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £150,000 to £300,000 required to fund disbursements on a portfolio of 45-90 Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. This law firm has been previously funded by Case ID 3907. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £150,000 to £300,000 required to fund disbursements on a portfolio of 45-90 Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Limited partnership funding of £50,000 to £300,000 required to fund disbursements on a portfolio of 15-90 new Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. Separate portfolios of HDR cases litigated by the same law firm were previously funded via Offers Case ID 3907, Case ID 3936, Case ID 3949 and Case ID 4006. The capital raised in the previous offers has already been fully deployed. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.

Partnership funding of £170,000 required to seed fund a group claim by approximately 3,000 investors in a foreign exchange group trading strategy, against two regulated brokers and the manager of the trading strategy. All three defendants have allegedly participated in negligence and or fraud against the claimants by knowingly concealing losses. While the claim is still at a preliminary stage, it is supported by a substantial amount of documentary evidence from a whistle-blower. The approximate claim value is estimated to be £20m, subject to verification. The Partnership gets paid its principal and a fixed return before the Solicitor, Counsel or Claimants are paid. The Partnership potentially also receives an additional share of the proceeds. The two brokers are regulated and required to maintain indemnity insurance and minimum capital levels and are both part of larger established trading groups. However, at this stage there is still some uncertainty regarding their ability to pay the full estimated claim value due to limited public disclosure requirements in Cayman and BVI. The Partnership Offer will provide seed funding to cover the initial stage of the action, during which the Norwich Pharmacal disclosure application will be pursued. If no settlement is reached, further capital and ATE insurance will need to be sourced before issuing the claim. This is a Higher-Risk Category, offer for seed funding, with a potential Multiple on Capital (MoC) of 4.8x to 7.4x depending on the final settlement value, irrespective of when the claim is resolved.

Equity capital of £190,000 required to fund an unfair prejudice petition by Claimants, who are minority shareholders in a high-value housebuilding business, against the majority shareholder in his capacity as the company’s main director. Counsel estimates the prospects of success at trial at 65-70% if no settlement is reached beforehand. The business is performing well, and we expect enforceability will therefore be relatively straightforward. The claim value is £2.7 - 4.1 million +. The Solicitor is working with 50% + of his fees contingent on the case winning ensuring strong alignment of incentives. Claimants have obtained investment grade ATE cover. The capital raised will fund the case through mediation and claim preparation – further capital will be required to fund the case to trial. If the case resolves favourably at 30 months after equity issuance, investors will potentially have an MoC of 3.2x.

Equity capital of between £177,500 to £355,000 is required for the claim managers coordinating a group litigation claim with an estimated claim value of £180m+ against 2 retail banks for misrepresentations concerning fixed rate small business loans. The claim is already underway since May 2019 with over £12m of financing committed by another litigation funder to cover the costs of the actual litigation. A detailed opinion by a leading QC rates the prospects of success at trial at 60%+ (if the case does not settle pre-trial). The Company’s capital will be used to source additional claimants for the case and also to cover some of the overheads of the claims management team. The Company is acquiring a senior allocation of the claim managers’ share of the proceeds – ensuring good alignment with the veteran team coordinating the litigation. The solicitors and counsel running the case have c 30% of their fees contingent on a positive outcome. ATE cover of £16m has been put in place. If the case settles pre-trial, investors will have an estimated multiple on capital of 1.85x. If the case wins at trial investors will have an estimated multiple on capital of 2.51x. We expect that the case will be resolved within 2 years. The percentage shown on the progress bar is of the minimum funding requirement

Limited partnership funding of £125,000 - £150,000 required to fund an unfair prejudice petition by Claimants who are the minority shareholders in a high value housebuilding business against the majority shareholder, in his capacity as the company’s main director. Counsel estimates the prospects of success at trial at 65-70% if no settlement is reached beforehand. The business is performing well, and we expect enforceability will be relatively straightforward. The defendant has recently requested a without prejudice settlement meeting in Q1 2022. The claim is valued at £2.7m – £4.1m with potential upside. Both the solicitor and a QC barrister have now agreed to engage to the end of trial on a full CFA i.e. with 100% of their fees being contingent upon a successful case resolution. AxiaFunder previously raised £190,000 of preliminary funds for this case via offer ID 3784 in November 2021. The current Offer will fund the case through trial. The Claimants have £400k of ATE cover. Investors will potentially have a MoC of 3.7x If the case wins at trial or settles after 30 months. If the case is unsuccessful, investors are unlikely to recover their investment.

Equity capital of £130,000 is required to fund a Francovich claim against a European-based tax authority for discriminatory overcharging of VAT. The funding will be used to fund an appeal hearing of a strikeout judgment. According to the claimant’s top-ranked counsel, the strikeout judgement was flawed on several points of law. Counsel estimates a 60-65% probability of winning the appeal. If the appeal is successful, we believe the Defendant will seek to settle, rather than risk a trial with the potential of a successful ‘test case’ leading to follow-on litigation from large numbers of other claimants with similar facts. If no settlement is agreed, counsel estimates the probability of winning at trial would be 60-65%. This litigation investment has a favourable risk reward profile in our view: If the case succeeds at trial, we estimate investors will have a Multiple on Capital (MoC) of 10.0x. If the case settles more than 12 months after equity issuance investors will have a MoC of 8.2x. If the case is unsuccessful, investors are unlikely to recover any capital. On a probability-weighted basis, we estimate an expected-value of 3.4x the amount invested and an annualised IRR above 200%.

Capital required to fund a claim of software theft and copyright infringement. The case is supported by extensive electronic and CCTV evidence lodged with the police. The Claim value is estimated to be £5-10m based on the most recent investment rounds and the company’s operating performance. The Claim value is over 17x the cost to litigate. A detailed independent opinion by a senior lawyer identifies a strong basis to file the claim and a high probability of obtaining a favourable resolution. Our research indicates that the Defendants have sufficient resources to pay the damages. The lawyers running the case are experienced running this type of claim and are highly incentivised to achieve a positive outcome. Unless early settlement is reached, the Claim will be filed in the Barcelona Commercial Court. If the Claim settles pre-trial, investors are senior in the cash waterfall and contractually entitled to a Return of 66% per annum increasing until proceeds are received. If the Claim wins at trial, investors are contractually entitled to the greater of a Multiple on Capital (MoC) of 2.8x and an uncapped Return increasing at 66% per annum (33% for each 6 months of part thereof).

Equity capital required to fund a high-value employment dispute case – in relation to non-payment of contractual commission entitlements. Claim value is estimated to be at least £2.6 Million net of tax. The Claimant verifiably sourced significant institutional investment capital for the Defendant (a publicly listed asset manager) who subsequently refused to pay without a valid justification. A detailed QC barrister’s opinion confirms that the case has strong merits. Both the Claimant’s solicitor and the barrister are to be paid on a 100% contingent basis (Conditional Fee Arrangement). Enforceability is likely to be straightforward. The projected Multiple on Capital (MoC) is 2.5X if the case resolves at trial, with a minimum 1.6x MoC if it settles at any time in the first 12 months. Funding required £105,000. The offer is fully underwritten.

Breach of contract: funding required to enforce an adjudication award against a developer against whom an award was made but who has failed to make any payment. The case is backed by an A- rated insurance company which is insuring the claim against adverse costs and also guaranteeing capital used for disbursements. Bondholders will receive up to 75% per annum if the case wins. If the case loses, bond holders are unlikely to lose more than 17% of their capital invested, due to the principal protection provided by the insurer. Both solicitor and insurer are being compensated on a no-win, no-fee basis, implying good alignment of interests. IFISA eligible.

Refinancing a bridge loan to fund the trustees of a pension scheme that are issuing a claim of professional negligence against a firm of solicitors that advised them on a property sale. The case is backed by an A- rated insurance company which is insuring the claim against adverse costs and also guaranteeing all capital used for disbursements. If the case wins, the expected return for investors is 60% to 65% per annum. If the case loses, the investors will lose no more than 21% of their capital invested, due to the principal protection provided by the insurer. Both solicitor and insurer are being compensated on a no-win, no-fee basis, implying good alignment of interests.

Equity capital of £140,000 required to fund a portfolio of three pre-vetted commercial litigation cases in the area of professional negligence and insurance. The solicitor running all three cases is highly experienced and only gets paid on each case if it wins. Approximately 80% of invested capital will be protected by an investment-grade ATE insurer - reducing the likelihood and magnitude of an overall negative investment return. If all three cases resolve favourably, the return is expected to be 49% per annum. Diversification increases the likelihood of a positive return. To illustrate, if only one or two cases resolve favourably at 24 months, we estimate that investors would still have gains of 12% and 45%, respectively. In the unlikely event that all three cases lose, net of the insurance cover in place, the total downside is limited to c 20%.

Equity capital required for a portfolio of 3 pre-vetted commercial litigation cases being run by an experienced solicitor, with net funding of £20,000 to £25,000 required for each case. The 3 cases are: a professional negligence claim against a solicitor; a construction contract dispute; and a breach of contract on a business sale & purchase agreement. The solicitor has significant ‘skin in the game’ only getting paid on positive outcomes and always after investors, ensuring good alignment. All the cases are fully funded through trial if necessary and each is 77% principal-protected by investment grade ATE insurance. In the unlikely event that all three cases lose, net of this insurance cover, the total downside is limited to 23%. Diversification increases the likelihood of a positive return: if only one case wins, depending on the time to settlement the portfolio is expected to generate an overall positive return of 0-21%. If all three cases win, the return on the portfolio is expected to be 51% per annum. Total funding required £91,000. The offer is fully underwritten.

Funding required for a Francovich claim against a European-based tax authority for inappropriately charging VAT in breach of EU law. Proceedings were issued in 2018 and a strike out application has recently been made by the Defendant arguing, incorrectly in our view, that the case is misconceived. There is a high threshold for this type of strikeout to succeed. Senior counsel for the Claimant expects that the strike out application will be denied and sees good prospects of Claimant-success at trial. Statistically, we expect that if the Defendant’s strike out application is denied, a pre-trial settlement is likely. Funding of £192,000 to £225,000 is required to fund the case to the end of the strike out hearing. If the Claimant wins before trial, the projected Multiple on Capital (MoC) for investors is 3.3x up to 12 months, increasing by 1.1x for each 6 months thereafter, up to a maximum of 7.8x after 30 months. The MoC if the case wins at trial is projected to be at least 5.6x. The claim value is £15m. The Claimant has a distinguished legal team. We believe the case is likely to be resolved within 18 months. The minimum raise is already fully underwritten.

Funding required for a pre-vetted professional negligence claim against a firm of solicitors and a planning consultant in connection with an application to install several wind turbines on some land in the North of England. The solicitors failed to identify the time limitation on the case and the planning consultant made an application which didn’t meet the basic requirements to even be considered by the Planning Authorities. The majority (88%) of the solicitor’s fees are contingent on a ‘Win’. Similarly, the insurance company, who have conducted their own due diligence, get paid their premium only if the case wins. The funding requirement of £70,000 is structured as an IFISA eligible bond with a coupon of 61% per annum (accruing quarterly) and with 83% of its principal guaranteed if the case loses against all the Defendants. If the case is resolved favourably, investors get all of their principal and interest before the solicitor or the claimant receive any of the proceeds.

It's alleged that a company director, through devious means, misappropriated a high-value property development opportunity for his own gain and to the significant detriment of the company and its other shareholders, enabled by a joint-enterprise conspiracy. Claim value £19m. Comprehensive analysis by senior barristers has identified ‘overwhelming’ evidence of breach of fiduciary duties and of joint enterprise conspiracy, including incriminating email correspondence between the defendants. The nine defendants have joint and several liability with significant property and business assets owned by the key defendants. Both the Claimant’s solicitor and QC barrister are on a Contingent Financing Arrangement (100% and 50% respectively). The insurers’ premium is also fully contingent on a case win. Bond return of 72%+ per annum for the first 3 years, IFISA-eligible.

Funding required to prepare a legal opinion on a high value employment dispute– in relation to non-payment of contractual commission entitlements. Claim value is conservatively estimated at over £10m. The Claimant verifiably sourced over $200m of institutional capital for the Defendant (a publicly listed company) who subsequently refused to pay without a valid justification. The Defendant has already made several preliminary attempts to settle and we believe has a strong incentive to do so once proceedings have been issued. Investors in this case can expect a return of up to 260% if the case is resolved favourably at any time. Investment grade insurance which will be put in place once proceedings are issued. A preliminary barrister’s opinion confirms that the case has strong merits. Enforceability is likely to be straightforward. The Claimant’s legal counsel are experienced top-ranked specialists in high value employment disputes. In due course there will be follow-on funding (at lower returns) for an additional £810,000.