Each investment offer backs up to 45-90 cases, which are uncorrelated to the other markets
Previous offers targeted 25%+ IRRs
Previous offers had 85% of principal covered by ATE insurance
real time case file access; regular external law firm audits. £800,000 invested to date, funding over 200 cases
Capital at risk; Returns not guaranteed. Before deciding to invest please read the full risk warning.
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.
Amount Raised: £220,000
Date Funded: 01/02/2023
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.
Amount Raised: £300,000
Date Funded: 23/12/2022
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