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Litigation Funder LegalPay Closes Rs 12 Crore Interim Financing Bond

September 12, 2023

Litigation Funder LegalPay Closes Rs 12 Crore Interim Financing Bond

LegalPay, India’s first and largest player in the legal financing industry, has announced the successful closure of its Rs 12 crore Interim Financing Bonds. This innovative investment instrument in the fixed income category, which was launched earlier this year in January, boasts a remarkable coupon rate of 14% compounding annually. “We are thrilled to celebrate the success of our Interim Financing Bonds and our contribution to the economic revitalization of companies like Lavasa Corporation,” said Mr. Kundan Shahi, Founder & CEO at LegalPay. “We are proud to have successfully closed our Interim Financing Bonds, but our true pride lies in the impact we create in the legal & insolvency ecosystem and the value we create for our investors and our clients. We are here to alleviate financial burdens, mitigate risks, and ensure that justice prevails.” The bond has set new standards in the financial industry by realizing its opportunity in an impressive timeframe of just eight months despite having an original tenure of 36 months with a callable feature. LegalPay’s Interim Financing Bonds represent a paradigm shift in the world of investments, offering a unique opportunity to investors and companies alike. The funds raised through this visionary initiative have been strategically employed to support Lavasa Corporation, a prominent player in the infrastructure sector. The National Company Law Tribunal (NCLT) approved the resolution plan of Darwin Platform Infrastructure Limited (DPIL), which offered Rs 1,814 crore to the creditors and homebuyers of Lavasa. Raj Infrastructure Development India, one of Lavasa’s creditors, filed a bankruptcy petition against the company after it failed to meet its payment obligations. The petition was approved in August 2018. Notably, LegalPay’s unwavering commitment to a rigorous underwriting process played a pivotal role in mitigating the perceived risks associated with this opportunity. In the face of skepticism, LegalPay’s cutting-edge technology and AI-driven analysis, combined with its diligence and expertise, prevailed, resulting in the rapid realization of this investment. This remarkable success in just 8 months stands as a testament to LegalPay’s strong underwriting, powered by advanced technology, and its dedication to delivering outstanding results to its investors. However, LegalPay’s impact extends far beyond this successful bond closure. LegalPay is dedicated to providing critical capital to companies undergoing insolvency, breathing new life into struggling businesses, and fuellingeconomic growth. LegalPay’s innovative approach is revolutionizing the way companies navigate litigation challenges, alleviating their financial burdens and providing a lifeline for those seeking funding for their legal battles. About LegalPay Currently managing claims worth INR 2700Crores, LegalPay aims to manage INR 5000 Crores with its proprietary tech and AI by the end of FY 2025. This demonstrates the company’s dedication to substantially impacting India’s legal and financial landscape. With groundbreaking instruments like Interim Financing Bonds and a commitment to supporting companies in insolvency and financing legal claims, LegalPay is making a substantial impact on the Indian legal andfinancial landscape while creating quintessential value for both businesses and investors.

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Announcements Commercial

Loopa Finance Wins at the Lexology European Awards 2026 in the Litigation / General Counsel Category

By John Freund |

Loopa Finance has been recognized as the winner in the Litigation – General Counsel Team category at the Lexology European Awards 2026, one of the leading recognitions in the international legal sector.

The award was received in London by Ignacio Delgado, General Counsel Europe at the firm, on behalf of Loopa Finance’s European team, composed of Ignacio Delgado (General Counsel Europe), Marina Gouveia (Investment Manager), Fernando Pérez Lozada (Senior Investment Manager), and Fernando Folgueiro (Managing Partner).

The Lexology European Awards recognize outstanding legal teams across the region through a methodology that combines independent research, quantitative and qualitative analysis, and thousands of nominations supported by clients and industry peers, as well as the annual research conducted by the Lexology Index (formerly Who’s Who Legal) and Client Choice.

The selection process is based on performance evaluations related to effective communication, commercial understanding, technical expertise, strategic management, and team strength, and is supported by a global community of more than 940,000 subscribers.

This recognition positions Loopa Finance’s European team among the leading practitioners in complex litigation and strategic legal management in Europe.

“This award reflects the strength of a team operating across two continents that understands litigation not only from a legal perspective, but also through financial analysis and risk management. It is the result of collective work and a rigorous, strategic approach to structuring complex disputes,” said Delgado during the ceremony.

More Than an Award: Validation of a Model

The award comes at a time of consolidation for the firm. Loopa Finance recently completed its rebranding process, evolving from Qanlex to Loopa Finance and reinforcing an identity aligned with its growth in continental Europe and its broader international positioning.

It also coincides with the closing of Fund III, raising €65 million to finance complex litigation and arbitration across Europe and Latin America, significantly expanding the firm’s investment capacity and supporting the continued growth of its platform in the region.

This milestone adds to the firm’s recent rankings, including its Band 1 classification by Chambers & Partners in Latin America and Europe, its recognition as “Highly Recommended” by Leaders League across multiple jurisdictions, and the inclusion of members of its team among the Thought Leaders in Third-Party Funding by the Lexology Index. Together, these results confirm the strength of Loopa Finance’s model and the consolidation of its team as a reference in the strategic financing of disputes at an international level.

About Loopa Finance

Loopa Finance is an investment fund specializing in the financing and monetization of litigation and arbitration across continental Europe and Latin America, supported by a technology-driven model and rigorous risk analysis. The firm provides capital to cover legal costs or monetize ongoing claims through non-recourse structures, where the recovery of the investment depends exclusively on the successful outcome of the case, assuming the financial risk of the dispute while fully aligning its interests with those of clients and law firms.

Announcements Commercial

Pravati Capital Partners with SEI to Bring Litigation Finance to Registered Investment Advisors

By John Freund |

One of the oldest litigation finance firms in the United States has announced a strategic partnership aimed at expanding mainstream investor access to the asset class.

As reported by Business Wire via Yahoo Finance, Scottsdale-based Pravati Capital has partnered with financial services firm SEI to provide registered investment advisors with structured access to litigation finance as an alternative investment option. The collaboration will leverage SEI's distribution platform to make litigation funding opportunities available within advisor portfolios.

The partnership reflects growing institutional interest in litigation finance as an alternative asset class. Historically, litigation funding has been difficult for mainstream financial advisors to access on behalf of their clients, with the market largely dominated by specialized funds and institutional investors. The Pravati-SEI arrangement seeks to bridge that gap by creating a more accessible pathway for advisors seeking diversification through non-correlated investments.

The announcement underscores a broader industry shift as litigation finance continues to move from a niche strategy toward greater acceptance within traditional wealth management channels. As the global litigation funding market grows — projected to reach over $25 billion in 2026 — partnerships like this one may signal a new phase of institutional adoption.

Announcements Commercial

Nera Capital Secures £50M Asset Mandate

By John Freund |

Nera Capital has strengthened its litigation finance platform with the onboarding of a new South America-based funding partner committing £50 million across litigation finance and legal assets. The mandate not only expands Nera’s available capital base but also sees the firm formally appointed as asset manager for the new funds, reinforcing its growing role as both originator and portfolio steward within the UK litigation market.

In a press release, Nera Capital announced that the £50 million commitment will be deployed across a range of UK-based claims, with the firm responsible for underwriting, structuring, capital deployment, and ongoing portfolio management. The capital will be allocated in line with Nera’s established investment criteria and risk management framework, targeting carefully selected legal assets. The funding partner, described as having an “extensive track record” in high-yielding special situations investments uncorrelated to traditional asset classes, brings prior experience in litigation finance across South America.

Robin Grant, CFO at Nera Capital, emphasized that the partnership aligns with the firm’s disciplined approach to litigation finance and enhances its ability to deliver attractive, risk-adjusted returns to investors. Aisling Byrne, Director at Nera Capital, highlighted the funder’s blend of financial and legal expertise, noting that the asset manager appointment reflects international confidence in Nera’s ability to identify viable claims and manage them through to resolution.

Established in 2011 and headquartered in Dublin, with offices in Manchester and Holland, Nera Capital provides law firm lending across consumer and commercial claim portfolios and is a member of the European Litigation Funders Association.