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Announcements Commercial

Delta Capital Partners Announces Liquidity Solutions for Law Firms, Businesses and Individual Claimants

Chicago, IL, March 30, 2020 — Delta Capital Partners Management LLC (Delta), a private equity and advisory firm specializing in litigation and legal finance, today announced its ability to provide bespoke liquidity solutions to law firms, businesses, private investment funds, and individual claimants affected by recent macroeconomic developments, including those caused by the COVID-19 pandemic.

As the world economy has slowed due to the COVID-19 pandemic, liquidity has become a major concern for all economic actors and many traditional sources of liquidity will be tapped out very shortly. As a result, many law firms, private investment funds, businesses and individual claimants will not have access to capital to fund their needs.  Delta can provide liquidity to such parties based on their litigation or arbitration claims, judgments, awards, alternative fee engagements (i.e., contingency or success based), outstanding accounts receivables or work-in-process, or a combination thereof.

Christopher DeLise, Delta’s Founder, CEO and Co-CIO stated, “In the face of horrible healthcare and economic challenges, we are still able to go forward and be helpful, we hope, in a troubled marketplace. As Delta’s core business is the pricing of litigation, enforcement and recovery risks, we are able to timely provide lending and liquidity solutions based on our assessment of such factors.”

Delta provides such solutions to meet the needs of law firms, private equity firms, businesses and individual claimants through a variety of arrangements, including litigation-collateralized loans, draw-down facilities, and term loans. Each of these arrangements can be customized to suit the particular needs of borrowers, are competitively priced, and can be backed by a variety of assets and/or enhancements. These flexible solutions ensure that Delta can effectively meet the needs of a broad range of professional service firms, businesses, and individual claimants and thereby improve their financial situations during these unprecedented times.

“While Delta has offered such bespoke credit-oriented solutions for many years, these products typically accounted for only a small percentage of its total business. However, we have already started to see that demand for such products is rapidly increasing and we anticipate that this demand will continue to significantly escalate as traditional sources of liquidity will dry up and/or the rates being offered by traditional lenders will materially increase. We are grateful to be able to play a constructive role in helping firms, especially troubled ones, keep their heads above water. Accordingly, we have allocated more resources and capital to meet this growing demand, and will continue to do so as we expect high demand now and for the foreseeable future as the aftereffects of the pandemic are felt around the world,” stated Mr. DeLise.

Learn more at www.deltacph.com or contact Delta Capital Partners via email at liquidity@deltacph.com

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Announcements Consumer

Golden Pear Upsizes Corporate Note to $78.7M Amid Growth Plans

By John Freund |

Golden Pear Funding has extended and upsized its investment-grade corporate note to $78.7 million, further bolstering the firm's capacity to serve the expanding litigation finance sector. The New York-based funder, a national leader in both pre-settlement and medical receivables financing, said the proceeds will support working capital and fuel strategic growth initiatives.

A press release from Golden Pear outlines how the capital raise reflects continued investor confidence in the firm’s business model. CEO Gary Amos noted that the infusion is critical as Golden Pear seeks to scale alongside the “rapidly expanding litigation finance market.” CFO Daniel Amsellem added that the new funding aligns with the company’s capital allocation strategy, aimed at optimizing operational efficiency and executing strategic projects.

Brean Capital, LLC acted as the exclusive financial advisor and sole placement agent on the transaction.

Founded in 2008, Golden Pear has funded more than $1.1 billion to over 87,000 clients and remains one of the largest specialty finance companies in the U.S. Its business model spans legal case funding and medical receivables purchasing, with backing from a network of private equity partners that provide institutional support for continued expansion.

Announcements Regulatory Issues

LionFish Updates Model Documents in Response to CJC Report

By John Freund |

LionFish Litigation Finance Ltd has released a new suite of model litigation funding documents, updating its original set from February 2021. The revision comes on the heels of the Civil Justice Council's (CJC) Final Report on Litigation Funding, issued on 2 June 2025, which calls for a regulatory structure informed by best practices, including key principles published by the European Law Institute (ELI) in October 2024.

A LionFish press release details that the updated suite incorporates several of the ELI Principles (notably 4-12) and broader CJC recommendations, except where doing so would require legislative or procedural reform. LionFish's goal, according to Managing Director Tets Ishikawa, is not to dictate market norms but to foster industry-wide standardisation and efficiency. This proactive move is also intended to spark further collaboration between funders, insurers, and legal practitioners to develop trade practices akin to those in mature financial markets, such as those promoted by the Loan Market Association and the International Swaps and Derivatives Association.

The new suite includes three core documents: a litigation funding agreement, a priorities deed to define proceeds distribution, and an assignment deed for insurance benefits. Notably, LionFish has also added documentation for co-investment arrangements, reflecting a growing trend in syndicated funding deals. The funder has already closed seven such transactions.

Managing Director Tanya Lansky emphasised that while litigation funding remains complex, making documentation public enhances transparency and facilitates quicker deal closings—an essential factor for sustaining market growth.

As litigation finance continues to mature, this move by LionFish highlights a shift toward professionalisation and standardisation. With regulators increasingly focused on transparency and fairness, such initiatives may set a de facto benchmark for others in the industry. The question remains: will other funders follow suit, or will regulatory mandates be needed to compel alignment?

Announcements Commercial Legal Innovation

Backlit Capital Solutions Launches Legal Finance Consultancy

By John Freund |

Backlit Capital Solutions has announced the launch of its full-service legal finance consultancy. The firm aims to provide comprehensive funding solutions for legal claims, offering services that include litigation finance, arbitration funding, and judgment enforcement strategies.

An article in PR Newswire states that Backlit Capital Solutions is positioning itself as a comprehensive provider in the legal finance sector, aiming to serve a diverse clientele that includes claimants, law firms, lenders, and investors. The firm's service offerings encompass litigation finance, arbitration funding, and judgment enforcement strategies, indicating a broad approach to legal funding solutions.

The launch of Backlit Capital Solutions reflects a growing trend in the legal finance industry, where firms are expanding their services to address the multifaceted needs of legal claimants and their representatives. By offering a suite of services under one roof, Backlit Capital Solutions aims to streamline the funding process and provide tailored solutions to its clients.

As the legal finance landscape continues to evolve, the entry of firms like Backlit Capital Solutions underscores the increasing demand for specialized financial services in the legal sector. Their comprehensive approach may set a new standard for how legal finance consultancies operate, potentially influencing the strategies of existing and emerging players in the market.