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Delta Capital Partners Management Announces New Hire and Promotions

April 19, 2021

Delta Capital Partners Management Announces New Hire and Promotions

Delta Capital Partners Management LLC, a global private equity firm specializing in litigation and legal finance, is pleased to announce a new senior executive hire and promotions within the firm. Todd Schneider has joined Delta as Chief Financial Officer and Chief Compliance Officer; and Gabriel Olearnik and Daniel Bond have been promoted to Director of Investor Relations and Director of Underwriting, respectively.

Todd Schneider Hired as CFO and CCO.

Mr. Schneider will oversee the implementation and management of all financial activities for Delta and also will work closely with Delta’s senior management and investment committee. Mr. Schneider has served as the Chief Financial Officer and Chief Compliance Officer of Shorehill Capital LLC, a private equity firm focused on investing in middle market industrial products, industrial services, and distribution businesses. Mr. Schneider also served as the Chief Financial Officer and Chief Compliance Officer of CHS Capital LLC, the precursor firm of Shorehill Capital. Throughout their histories, CHS Capital and Shorehill Capital made investments in more than 400 businesses and invested over $3 billion of capital. Prior to CHS Capital, Mr. Schneider was the Chief Financial Officer of Conversus Asset Management, the asset manager for Conversus Capital L.P., formerly the world’s largest publicly traded private equity fund of funds designed to provide investors liquidity in a historically illiquid asset class. Mr. Schneider has also held positions as a Senior Vice President and Chief Accounting Officer of FBOP Corporation, as well as a senior manager at KPMG, where Mr. Schneider began his professional career.

Christopher DeLise, Delta’s Founder, CEO and CO-CIO, stated, “Delta is pleased to have Todd join our team as Chief Financial Officer and Chief Compliance Officer. Todd’s extensive background as a senior financial professional and organizational leader, knowledge of various asset classes, and intimate familiarity with all aspects of operating, financing, and successfully scaling private equity firms, will enable Delta to continue its remarkable growth and position the firm to be a funder of choice for sophisticated claimants and respondents across the globe.”

Gabriel Oleanrik Promoted to Managing Director and Director of Investor Relations.

Mr. Olearnik is currently a Managing Director overseeing international deal origination, operations, and strategic alliances and ventures for Delta. Now, Mr. Olearnik also will serve as Director of Investor Relations, where he will be responsible for overseeing global investor relations for Delta. Prior to joining Delta, Mr. Olearnik was the General Counsel of a major private equity firm in London and a Partner and Chair of the Private Equity Practice Group at Kochanski & Partners, a leading independent European law firm. Prior to those roles, Mr. Olearnik was a corporate finance attorney at Clifford Chance, Mayer Brown and at Dentons.

DeLise noted, “Gabriel has done a tremendous job representing Delta as a litigation funder throughout Europe. Gabriel’s experience with Delta and many successes since joining the firm, his prior experience as the General Counsel of a private equity firm, and his intimate knowledge and familiarity with all legal and operational facets of private investment funds, makes him the perfect choice to serve as Delta’s Director of Investor Relations. In that role, Gabriel will materially contribute to the firm’s growth plans by expanding and enhancing Delta’s relationships with its existing investors.”

Daniel Bond Promoted to Managing Director and Director of Underwriting.

Mr. Bond is currently a Managing Director for Delta, where he oversees intake, evaluation, due diligence, and monitoring efforts in connection with new equity investment opportunities. Now, Mr. Bond also will also serve as Director of Underwriting, where he will be responsible for overseeing all facets of litigation and arbitration underwriting for Delta across all of its product and service offerings worldwide, including equity and credit solutions for plaintiffs and defendants. Prior to joining Delta, Mr. Bond was a Partner at Kirkland Ellis and had an over-10-year law firm career with experience in the conduct, management, and planning of commercial litigation and dispute resolution. Mr. Bond’s experience encompasses a range of intellectual property and complex civil litigation matters and he has successfully litigated numerous high-profile lawsuits for blue chip clients in a variety of fields.

DeLise remarked, “Daniel’s tremendous success managing litigation and arbitration underwriting for Delta’s equity-oriented investments makes him the ideal choice to serve as worldwide Director of Underwriting across all of Delta’s product and services offerings as Delta continues to expand its platform to include litigation finance solutions for defendants, municipalities and governments; managed solutions for businesses; and credit-based products.  With these new offerings all coming online within the next several weeks, and with Daniel at the helm of our underwriting process, Delta expects to be able to significantly increase deal capacity while diminishing throughput time.”

About Delta

Delta Capital Partners Management LLC is a global private equity firm specializing in litigation and legal finance, judgment enforcement, asset recovery, and related strategies. Delta provides capital and related services to individuals, businesses, private investment funds, law firms and other professional service firms across the world that seek to hedge their financial exposure, reduce legal spending, enhance the probability of a successful and timely resolution of claims, and maximize the effectiveness of their core businesses.

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Announcements Commercial

ILFA Welcomes Commissioner McGrath’s Rejection of EU Regulation for Third-Party Litigation Funding

By John Freund |

On 18 November 2025, European Commissioner for Justice Michael McGrath closed the final meeting of the EU’s High-Level Forum on Justice for Growth with a clear statement that the Commission does not plan new legislation on Third Party Litigation Funding (TPLF). 

He added that Forum participants also indicated that there is no need to further regulate third-party litigation funding.

Instead, Commissioner McGrath said the Commission will prioritise monitoring the implementation of the Representative Actions Directive (RAD) over any new legislative proposals. 

(video from 2.32 here). 

Paul Kong, Executive Director of the International Legal Finance Association (ILFA), said:  “We’re delighted to see Commissioner McGrath’s clear statement that EU regulation for third-party litigation funding is not planned. This appears to close any talk of the need for new regulation, which was completely without evidence and created considerable uncertainty for the sector.

Over several years, ILFA has consistently made the case that litigation funding plays a critical role in ensuring European businesses and consumers can access justice without financial limitations and are not disadvantaged against larger and financially stronger defendants. New legislation would have choked off the availability of financial support to level the playing field for claimants. 

We will continue to work closely with the Commission to share the experiences of our members on the implementation of the RAD across the EU, ensuring it also works for claimants in consumer group actions facing defendants with deep pockets.”

About ILFA

The International Legal Finance Association (ILFA) represents the global commercial legal finance community, and its mission is to engage, educate and influence legislative, regulatory and judicial landscapes as the global voice of the commercial legal finance industry. It is the only global association of commercial legal finance companies and is an independent, non-profit trade association promoting the highest standards of operation and service for the commercial legal finance sector. ILFA has local chapter representation around the world. For more information, visit www.ilfa.com or @ILFA_Official. 

About the High-Level Forum on Justice for Growth

European Commissioner for Justice Michael McGrath launched the High-Level Forum on Justice for Growth in March 2025 to bring together legal industry experts to “focus on and discuss together how justice policies can contribute to – and further support – European competitiveness and growth”. The final meeting of the Forum took place on 18 November 2025, in Brussels. 

Announcements Commercial

Pogust Goodhead Appoints Jonathan Edward Wheeler as Partner and Head of Mariana Litigation

By John Freund |

Pogust Goodhead law firm has appointed Jonathan Edward Wheeler as a partner and Head of Mariana Litigation, adding heavyweight firepower to the team driving one of the largest group claims in English legal history following the firm’s landmark liability win against BHP in the English courts.

Jonathan joins Pogust Goodhead from Morrison Foerster in London, where he was a leading commercial litigation partner, having served for seven years as office co-managing partner and for 15 years as Head of Litigation. A specialist in complex, cross-border disputes, Jonathan has extensive experience acting in high-value commercial litigation, civil fraud and asset tracing, international trust disputes, contentious insolvency and investigations across multiple jurisdictions.

In his new role, Jonathan will assume strategic leadership of the proceedings arising from the Mariana dam disaster against mining giant BHP, overseeing the continued development of the case into the damages phase and working closely with colleagues in Brazil, the UK, the Netherlands and beyond.

Howard Morris, Chairman at Pogust Goodhead said: “Jonathan is a heavyweight addition to Pogust Goodhead and to our Mariana team. His track record in running some of the most complex cross-border disputes in the English courts, together with his leadership experience, make him exactly the kind of senior figure we need after our historic liability victory. Our clients will benefit enormously from his expertise and judgment.”

Jonathan Wheeler said: “It is a privilege to join Pogust Goodhead at such a pivotal moment in the Mariana case. The recent liability judgment is a watershed for access to justice and corporate accountability. I am honoured to help lead the next phase of this extraordinary litigation and to work alongside a team that has shown such determination in seeking justice for hundreds of thousands of victims.”

Alicia Alinia, CEO at Pogust Goodhead said: “Bringing in lawyers of Jonathan’s calibre is a strategic choice. As we expand the depth and breadth of our disputes practice globally, we are investing in senior talent who can help us deliver justice at scale for our clients and build an even more resilient firm.”

The Mariana proceedings in England involve over 600,000 of Brazilian individuals, businesses, municipalities, religious institutions and Indigenous communities affected by the 2015 Fundão dam collapse in Minas Gerais, Brazil. Following the English court’s decision on liability on the 14th of November 2025, the case will now move into the next stage focused on damages and the quantification of losses on an unprecedented scale.

Announcements Regulatory Issues

Pravati Capital Establishes Coalition to Advance Responsible Litigation Funding Regulation Across U.S. Following Arizona Law’s Passage

By John Freund |

Arizona’s Senate Bill 1215 (SB1215) will become law on Jan. 1, 2026, marking a significant milestone in the state’s role as a national leader in advancing access to justice through litigation funding, positioning Arizona as a model for other states considering similar measures. Arizona’s legislation reflects a broader movement in states such as California and Georgia, where lawmakers are weighing the benefits of litigation finance as a way to level the playing field for plaintiffs facing deep-pocketed adversaries.

To help advance these efforts, Scottsdale, Ariz.-based Pravati Capital, one of the oldest litigation finance firms in the U.S. and supporter of the bill alongside the Arizona Chamber of Commerce and Industry and the broader legal community, has formed a coalition of litigation funders, attorneys and policy advocates committed to ensuring that states pass responsible regulation that protects plaintiffs. 

The bill’s final passage underscores a consensus reached after months of negotiations and reflects bipartisan compromise, according to Alexander Chucri, founder and CEO of Pravati Capital. SB1215 ensures funding remains a viable option for plaintiffs seeking to stand on equal footing with well-capitalized corporate opponents; it requires greater transparency of legal proceedings and prohibits funding and influence by foreign countries or entities of concern as defined in the legislation. 

“Arizona’s leadership in the area of litigation funding sends a powerful signal nationally,” said Senate Majority Whip Frank Carroll, a key supporter of the legislation. “This legislation is the product of constructive negotiation that demonstrates what’s possible when all sides work toward the shared goal of preserving access to justice.”

“It closes the door on bad actors while ensuring responsible litigation finance firms can continue to help plaintiffs pursue meritorious claims,” said Chucri. “At Pravati, we welcome this as part of an ongoing dialogue.”

SB1215 took effect on September 26, 90 days after the close of the legislative session, and, with a delayed effective date, will become law on January 1. Among key provisions, SB1215:

·       Protects the integrity of cases by restricting involvement by foreign countries or entities of concern as defined in the legislation, ensuring litigation funding remains aligned with U.S. legal and ethical standards.

·       Preserves innovation in legal services, reaffirming Arizona’s pioneering role in allowing alternative business structures (ABS), law firms that permit non-lawyers decision-making authority, to expand access to legal services by partnering with litigation funding firms.   

·       Balances regulation, affirming safeguards such as prohibitions on funders controlling litigation, while maintaining transparency. 

Chucri added, “Pravati has always believed our mission — ‘to befriend, help and protect’ — is best achieved through cooperation and a willingness to educate stakeholders. We will continue to engage constructively in conversations to advance fair, responsible access to justice.” 

About Pravati Capital

Established in 2013, Pravati Capital, LLC is among the oldest litigation finance firms in the U.S., delivering a proven track record as an equalizing force in court and a unique and uncorrelated asset class to investors. Founded by Alexander Chucri, a visionary in developing the industry's first pioneering model of litigation finance in 2003, Pravati Capital brings together a seasoned team with deep experience across law, finance and successful entrepreneurial ventures. The Scottsdale, Ariz.-based firm delivers strategic capital solutions for attorneys and law firms, helps plaintiffs gain access to justice through financial support, and offers accredited investors an attractive asset class designed to perform independently of traditional markets. Pravati’s mission is its namesake: to befriend, help and protect. For more information, visit PravatiCapital.com.