Nera Capital has secured a new £75 million funding commitment, capital the litigation funder will deploy across three strategic initiatives spanning the United Kingdom, continental Europe and the United States.

According to a press release from Nera Capital, the commitment reflects the firm's focus on financing claims with strong legal merit and substantial economic impact, and reinforces investor confidence in the litigation finance sector.

A significant portion of the capital will support a growing portfolio of personal injury claims in the United States, where Nera Capital continues to expand through partnerships with specialist American law firms. The investment is intended to provide claimant firms with the capital required to pursue those cases efficiently, while helping injured individuals access justice without bearing the cost of lengthy litigation.

The funding will also be allocated to one of Europe's largest competition litigation matters — a €12 billion antitrust claim in Portugal. The claim is expected to involve thousands of businesses and consumers affected by alleged anti-competitive conduct, with the financing covering the legal costs required to progress the case through the Portuguese courts.

In the United Kingdom, part of the new capital is dedicated to the next phase of motor vehicle finance litigation following the Court of Appeal decision in Angel v Black Horse. That judgment confirmed that large volumes of claims can proceed using omnibus claim forms, improving procedural efficiency for claimant firms pursuing undisclosed commission claims. Nera Capital is working with leading claimant firms to finance those omnibus strategies, providing disbursement funding and operational support to manage claims at scale.

A spokesperson for Nera Capital said the commitment "demonstrates continued investor confidence in both our underwriting model and the long-term opportunities within Nera and litigation finance," citing exceptional demand across multiple jurisdictions. "Our role is to provide law firms with the financial resources they need to pursue meritorious claims, allowing individuals and businesses to access justice irrespective of their financial circumstances."

Established in 2011 and headquartered in Dublin with offices in Manchester and the Netherlands, Nera Capital is a member of the European Litigation Funders Association.

Nearly three years after the Supreme Court's PACCAR ruling upended the enforceability of litigation funding agreements, the UK market is still waiting for the legislative fix that was meant to restore certainty — and practitioners warn the delay is now carrying a measurable cost.

As reported by Freeths, the Civil Justice Council has already recommended legislative reform, but the government has yet to act on those recommendations. The resulting vacuum has left funders, claimant firms and institutional investors operating without a settled framework.

The commentary identifies capital flight as the most immediate consequence. Panelists observed that jurisdictions such as Australia offer the regulatory clarity and predictable frameworks that institutional investors require, and that capital naturally gravitates toward those markets while the UK position remains unresolved.

Uncertainty also raises transaction costs. Without a clear statutory basis for funding agreements, parties are forced into more complex structuring arrangements to achieve the same commercial result. For lower-value claims in particular, that added friction can render a case economically unviable — precisely the outcome funding is intended to prevent.

The access-to-justice dimension features prominently in the analysis. With civil legal aid substantially reduced, litigation funding has become the practical mechanism through which large-scale claims reach court. The Post Office Horizon litigation is cited as the clearest illustration of funded claims exposing injustice that would otherwise have gone unremedied.

The recommended path forward is swift, "light touch" regulatory reform — a framework sufficient to restore confidence in the enforceability of funding agreements without constraining innovation in how claims are financed.

The broader concern is competitive. As global disputes work becomes increasingly mobile, the analysis concludes that continued inaction places the UK's standing as a leading international disputes hub at risk.