Burford Capital
Public (NYSE/LSE: BUR) · Founded 2009 · New York
The largest publicly traded litigation finance company. Founded by Christopher Bogart and Jonathan Molot; ~$1.79B market cap and ~$399M trailing revenue as of early 2026. Two segments: Principal Finance and Asset Management.
Criteria: No fixed minimum publicly stated, but prefers large commercial matters with damages several multiples of budget. Contract, fraud, fiduciary duty, securities, antitrust, IP, insolvency, and international arbitration.
Omni Bridgeway
Public (ASX) · Roots to 1986 · Global
Formed from IMF Bentham's 2019 acquisition of Omni Bridgeway; traces origins to Netherlands-based funding activity beginning in 1986. Widely described as the largest and most experienced dispute funding and enforcement/recovery specialist globally; Chambers Band 1 for Litigation Funding and Global Asset Tracing, 2026.
Criteria: $1M+ investment minimum, typically seeking proceeds roughly 10x the commitment. Commercial litigation, IP, insolvency, and international arbitration; explicitly excludes personal injury, discrimination, and malpractice claims.
Fortress Investment Group (Legal Finance)
~$70B AUM alternative manager · Legal finance arm since 2013
Deployed over $4B into litigation finance since 2013; roughly $6.8B in legal-asset exposure. In June 2025 assumed operational control of Therium Capital's global litigation portfolio (40+ active matters) following Therium's restructuring.
Criteria: Favors portfolios and platforms, law firm dockets, corporate legal-claim books, over single cases. Particular strength in mass tort and patent litigation, plus securities and consumer litigation.
Parabellum Capital
New York
One of the more experienced U.S. commercial litigation funders; a founding member of the International Legal Finance Association, the industry's global trade group.
Criteria: Typically wants credible damages above $10M, though has funded from under $1M to over $50M. Commercial disputes between businesses only, no consumer or mass tort claims.
Longford Capital
Illinois
Well-capitalized commercial funder especially known for intellectual property matters, alongside general commercial and antitrust disputes. ILFA founding member.
Criteria: $25M to over $1B in controversy. Business-to-business contract, antitrust, IP (patent, trademark, copyright, trade secret, a notable strength), fiduciary duty, fraud, bankruptcy, and arbitration claims.
Validity Finance
New York
U.S. commercial litigation funder and ILFA founding member; active across general commercial disputes.
Criteria: Roughly $2-4M per single case. Any U.S. commercial dispute or international arbitration with strong merits, at any stage; funds businesses only, not individuals or consumers.
GLS Capital
Philadelphia
Funds commercial litigation, arbitration, and complex intellectual property matters.
Criteria: $1M+ investment minimum. Commercial claims (contract, fraud, antitrust) plus a nationally ranked intellectual property practice, patent, trademark, copyright, and trade secret.
Bench Walk Advisors
Global
Team of litigators and investors credited with over $30B in settlements and judgments across funded matters; named Litigation Funder of the Year by Chambers & Partners in 2025.
Criteria: $1M+ minimum, no stated maximum, at any stage. Broad mandate: commercial litigation, arbitration, competition, insolvency, class actions, mass torts, and enforcement/monetisation.
Curiam Capital
New York
Private investment firm focused on litigation financing for businesses and law firms; majority externally funded by investor Michael Platt.
Criteria: $1M+ for single cases, $3M+ for portfolios (3+ cases required). Strong in patent and commercial IP; explicitly excludes matrimonial, medical malpractice, and individual personal injury claims.
LexShares
Boston
Litigation finance firm operating both a dedicated fund and an online funding marketplace; typically invests $1M+ per matter, with mid-market deals from $200,000.
Criteria: Marketplace tickets of $5K-$25K, sized to roughly 10% of expected case value. Commercial contract, IP, antitrust, and fiduciary duty claims, plus law firm and post-settlement funding.
Legalist
San Francisco
Focuses on mid-market cases requiring under $1M in funding; manages over $110M in assets.
Criteria: $50K-$5M per case, sourced via proprietary algorithmic court-record scanning. Broad commercial plaintiff and law firm funding at high volume, 250+ positions per fund.
Therium Capital Management
UK · Founded 2009, portfolio absorbed 2025
One of the UK's founding litigation funders and an original Association of Litigation Funders member. In June 2025, its global litigation portfolio was taken over by Fortress Investment Group following internal restructuring, treat current standalone status with caution.
Criteria: Historically funded securities, shareholder, arbitration, competition, IP, insolvency, and class actions. Portfolio now absorbed by Fortress, treat any current independent criteria with caution.
Woodsford
UK
Association of Litigation Funders (England & Wales) member; active across commercial and group litigation funding.
Criteria: Minimum claim size £5M, no stated maximum. Increasingly focused on large-scale group litigation and collective redress tied to corporate governance and ESG failures.
Augusta Ventures
UK
ALF member with a stated focus on infrastructure, construction, and energy disputes alongside general commercial funding.
Criteria: Broad commercial, competition/antitrust, class action, and international arbitration mandate, with a notable infrastructure, construction, and energy practice plus financial-services claims.
Harbour Litigation Funding
UK
One of the longest-established members of the UK's Association of Litigation Funders.
Criteria: No fixed minimum, but funds claims above roughly £10M as standard practice. Any commercial case type, the only stated exclusions are divorce and personal injury.
Litigation Capital Management (LCM)
AIM-listed (LIT) · Founded 1998 · Sydney
One of the longest-running dispute funders globally, with offices in Sydney, London, Singapore, Brisbane, and Melbourne. Funds single-case and portfolio matters, class actions, international arbitration, and insolvency-linked claims.
Criteria: Single-case, portfolio, and claims-acquisition funding. Class actions, commercial claims, international arbitration, and insolvency-linked matters.
Deminor
Founded 1990 · Brussels, global offices
One of Europe's oldest litigation funders, originally focused on minority shareholder recovery. Helped secure two of Europe's largest securities settlements (Steinhoff, ~€1.4B; Fortis/Ageas, ~€1.3B); Band 1, Chambers Europe Litigation Support, 2024.
Criteria: Minimum claim size around €1M, varying by jurisdiction. Particular depth in securities and shareholder claims, alongside commercial, arbitration, IP, and competition matters.
Innsworth
UK · Funded by Elliott Management
Funds commercial litigation and arbitration claims above roughly $100M, including shareholder and class actions, insolvency claims, and investor-state arbitration. Formerly Bentham Europe, a joint venture of IMF Bentham and Elliott Management.
Criteria: Minimum claim size roughly $100M, one of the highest thresholds in the market. Shareholder and class actions, insolvency claims, and investor-state arbitration only.
Balance Legal Capital
UK
Funds commercial disputes and class actions; team includes senior lawyers from major City of London firms.
Criteria: Commercial disputes and class actions in the UK, Australia, and other common-law jurisdictions outside the US. Excludes divorce, individual personal injury, employment, and investment treaty arbitration.
Asertis
UK
Specializes in commercial dispute funding with an emphasis on group actions, enforcement, and insolvency; provides portfolio facilities to law firms.
Criteria: Prefers commercial claims above roughly £4M (minimum £500K cost investment) and insolvency claims above £250K. Also group actions, securities litigation, and IP-adjacent disputes.
Certum Group
Formerly Risk Settlements · ILFA member
Provides non-recourse capital to cover legal fees and expenses for Am Law 100 firms, corporate counsel, and plaintiff-side practices. Became ILFA's 30th member company.
Criteria: Expected recoveries typically above $25M. Antitrust, IP, business torts, contract disputes, mass torts, and novel claims, largely via law firm portfolio arrangements.
Arcadia Finance
ILFA member
Commercial litigation funder; team recognized in the Lawdragon 100 Global Leaders in Litigation Finance for 2026.
Criteria: Typically $2M-$25M per deal, as low as $500K in some cases. U.S. commercial and patent litigation, arbitration, mass torts, and law firm/patent-acquisition lending.
IVO Capital Partners
ILFA member
Litigation funder admitted as a new member of the International Legal Finance Association.
Criteria: Primarily continental Europe (France, Germany, Spain, Netherlands, Portugal). Commercial claims, consumer class actions, and cartel/data-protection indemnity actions.
Nivalion
Zug/Steinhausen, Switzerland
European commercial litigation funder; principal Dr. Isabelle Berger named among the 2025 Lawdragon 100 Global Leaders in Litigation Finance.
Criteria: Usual minimum around €7M in dispute, though smaller claims are considered selectively. Cross-border disputes, international arbitration, and complex commercial litigation across Europe, the Americas, and Asia-Pacific.
Statera Capital
U.S. middle market
Deploys capital across breach of contract, business tort, fraud, IP, environmental, insolvency, unfair competition, and qui tam claims for the U.S. commercial middle market.
Criteria: $500K-$4M financing, a true middle-market specialist. Contract, tort, fraud, IP, trade secrets, bankruptcy, environmental, qui tam, and antitrust claims at any stage of dispute.
Pravati Capital
Scottsdale, Arizona
Provides non-recourse capital advances, with a focus on mature personal injury and mass tort cases with an established settlement precedent, alongside law firm portfolio financing.
Criteria: One of the few institutional funders active in personal injury and mass tort, provided the case is mature with an established settlement precedent; also law firm portfolio financing.
Delta Capital Partners Management
Chicago · SEC-registered investment adviser
Provides equity capital, credit, and bespoke financing for litigation finance, judgment enforcement, and asset recovery. CEO Christopher DeLise is a repeat Lawdragon 100 Global Leaders in Litigation Finance honoree.
Criteria: Single-case, portfolio, and post-judgment work, with a distinctive focus on judgment enforcement and asset recovery for claims already won but not yet collected.
Soryn IP Group
New York · IP-focused
Patent-focused finance and advisory firm founded by Michael Gulliford, a former Kirkland & Ellis patent litigator. Has closed more than $150M in patent-centric financings, including funding for universities, law firms, and NPEs pursuing enforcement.
Criteria: IP-only: patent, trademark, and other IP-backed financing for companies, universities, law firms, and NPEs. Over $150M in closed patent-centric financings to date.
Lake Whillans
New York
Commercial litigation finance firm; frequently cited in commentary on early landmark U.S. funding disputes, including Miller UK v. Caterpillar.
Criteria: Roughly $1-15M per single case, generally targeting likely damages above $15M (about a 10:1 damages-to-investment ratio). General commercial litigation.
Litigation Lending Services
Founded 1999 · Sydney, Australia
One of the earliest litigation funders in the world; has funded 150+ completed insolvency claims, commercial disputes, and class actions, including landmark First Nations justice and environmental cases in Australia.
Criteria: Broad commercial, insolvency, and class action funding in Australia and New Zealand; as a rule of thumb, wants claims of at least roughly $500K.
Vannin Capital
Historic UK/US funder, now part of Fortress
Formerly an independent, ALF-member commercial litigation funder; acquired by Fortress Investment Group and folded into Fortress's legal finance arm.
Criteria: Historically: minimum claim size $10M, no maximum. Commercial arbitration, investment treaty, and enforcement matters. Now folded into Fortress's legal finance arm.
IMF Bentham
Historic funder, now Omni Bridgeway
Longstanding Australian-founded funder that acquired Omni Bridgeway in November 2019; the combined entity now operates under the Omni Bridgeway name.
Criteria: No longer operates independently, see Omni Bridgeway for current investment criteria.
Orchard Global Asset Management
Global
Alternative asset manager with a litigation funding practice, ranked by Chambers across multiple years.
Criteria: Typically £1-10M for single cases, ~£30M for portfolio/specialty lending. Particular strategic focus on mid-market matters with case budgets of $1-3M.
1624
U.S. commercial funder
Listed among active participants in Westfleet Advisors' industry-wide U.S. commercial litigation finance Buyer's Guide.
Criteria: IP-centric funder combining patent and commercial litigation funding, brokerage services, and patent asset acquisition; excludes emerging/developing-market arbitrations.
Arrowhead Capital
U.S. commercial funder
Listed among active participants in Westfleet Advisors' industry-wide U.S. commercial litigation finance Buyer's Guide.
Criteria: $1M-$5M target financing size. Contract, business tort, bankruptcy/insolvency, investor-state, qui tam, and IP claims, plus appeals and portfolios.
BlueWhite Legal Capital
U.S. commercial funder
Listed among active participants in Westfleet Advisors' industry-wide U.S. commercial litigation finance Buyer's Guide.
Criteria: Average initial commitments of $5-15M, with flexibility outside that range. Contract, securities, M&A, antitrust, fraud, breach of duty, bankruptcy, IP, and asset recovery/enforcement claims.
Lawstreet Capital
Global directory listing
Listed in the third-party-funding.org global directory of litigation and arbitration funders.
Criteria: Focuses on personal injury, pharmaceutical/dangerous drug, and defective medical device cases, a consumer-side funder, distinct from most other firms in this directory.
Leste
Global directory listing
Investment group with litigation finance activity; listed in the third-party-funding.org global directory of funders.
Criteria: Brazil-focused litigation finance arm of a broader alternative-investment group; specific published investment criteria not available.
Lumius Capital
Global directory listing
Listed in the third-party-funding.org global directory of litigation and arbitration funders.
Criteria: Commercial litigation and law firm funding based in the New York area; specific published investment criteria not available.
This is a large, real market, likely 60-100+ active funders worldwide once every small and regional shop is counted, and firms consolidate or restructure faster than any directory can track (see the Fortress-Therium entry in the Research Library for a recent example). Some entries above are thin because independent public reporting on that firm is thin; that's disclosed rather than papered over. Corrections welcome.