Cambridge Wilkinson closed a $150 million credit facility for a litigation finance provider that specializes in originating and underwriting loans that have a first priority claim on all revenues generated by case collateral. In addition, all of the client’s loans have full recourse to borrowers and a personal guarantee by all equity partners of the law firm.
The client launched its first fund in 2018 and a second fund in 2019 and is preparing to launch a third fund. The client will use funding from the credit facility to continue to scale its platform.
“We have continued [to see] significant demand from our alternative credit providers to structure facilities for specialty finance clients of all kinds,” Rob Bolandian, partner and global head of investment banking at Cambridge Wilkinson, said. “In this instance, we are fortunate enough to have worked with a litigation client with a fantastic track record and significant future pipeline. We much look forward to continuing to work with this client as they continue to scale their business.”