BOSTON & NEW YORK--(BUSINESS WIRE)--LexShares, the commercial litigation finance firm, has launched the LexShares Private Market, an exchange for secondary litigation finance transactions. Built exclusively for qualified institutions, the LexShares Private Market (LPM) is an online exchange that serves to bring litigation funders and institutional investors together on a unified platform, improving access to and liquidity of legal finance assets.
“Inspired by surging demand from institutional investors seeking exposure to litigation finance assets at scale, and a burgeoning but disjointed secondary market, the LexShares Private Market brings much needed centralization and efficiency to the space,” said LexShares Chief Executive Officer Jay Greenberg. “The platform expands access and simplifies the process for buyers. For sellers, it promotes liquidity and streamlines secondary transaction execution.”
How LPM Works
With limited entry points to invest in litigation finance, LPM offers institutional investors exposure to an asset class that has been historically difficult to access because of the expertise required to originate, underwrite, and structure these deals. Litigation funders may also seek to purchase assets in the secondary market to expand their portfolios and deploy additional capital. With LPM, buyers can analyze available deals, connect with sellers directly, and transact securely.
Sellers of litigation finance assets are primarily dedicated litigation finance funds that have made prior investments in multiple claims through their own investment vehicles. LPM enables these funders to manage their cash flow and liquidity needs, rebalance their portfolios, and fine tune their exposure to different types of litigation finance products. LPM makes it simple to post available deals for investment, providing direct access to the platform’s network of buyers.
“Now that litigation finance has reached a certain level of maturity, and is evolving into a mainstream asset class, a centralized secondary market is a natural extension,” said Max Volsky, Chief Investment Officer at LexShares. “It has become clear to us that firms originating and investing in commercial litigation can benefit as both a buyer and seller on this type of private institutional exchange.”
LexShares is a litigation finance firm that focuses on funding commercial claims. It connects plaintiffs in commercial legal disputes with investors to fund their cases. Founded in 2014, LexShares is privately owned with offices in Boston and New York City. For more information, visit www.lexshares.com.
This release may contain “forward looking statements” which are not guaranteed. Investment opportunities posted on LexShares are offered by WealthForge Securities, LLC, a registered broker-dealer and member FINRA / SIPC. LexShares and WealthForge are separate entities. Investments in legal claims are speculative and involve certain risks including but not limited to concentration risk, lack of control over the prosecution of underlying claims, claimants' inability to assert and collect on their claims, potential to lose part or all of the invested principal and long hold periods.