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International Legal Finance Association Adds Arcadia Finance as New Member

By Harry Moran |

The International Legal Finance Association (ILFA) today announced the addition of Arcadia Finance to the only global association of commercial legal finance companies. 

Launching in June, Arcadia provides specialized services for U.S.-based commercial and patent litigation, domestic and international arbitration, and funding for a wide variety of other litigation-based assets, from mass torts and law firm lending to patent acquisition. 

“ILFA is pleased to welcome the newly founded Arcadia Finance to its growing membership base,” said Shannon Campagna, ILFA’s interim Executive Director. “Arcadia’s team is one of the most experienced in the industry, and the firm will play a crucial role in promoting the highest standards of operation and service for the commercial legal finance sector worldwide.” 

Arcadia was founded by three litigation finance industry veterans with over 25 years of combined experience and who have invested over $425 million across 80+ deals. The trio formerly led various legal and investment units at ILFA member firms, and each holds the title of managing director at Arcadia: Dave Kerstein, former managing director and senior investment officer at Validity and senior investment manager at Bentham IMF, now Omni Bridgeway; Ronit Cohen, former portfolio counsel at Validity and legal counsel at Bentham IMF; and Joshua Libling, former director of risk analytics at Validity. 

“At Arcadia Finance, we believe that innovative financial solutions are a crucial part of the legal industry and capable of benefitting all participants in their pursuit of just outcomes,” Joshua Libling, Managing Director, stated. “ILFA is the preeminent industry association and we’re proud to join it and to share our expertise in pursuit of responsible and sustained evolution of our industry. We look forward to working alongside other leaders to set new standards and expand the possibilities of legal finance.” 

About the International Legal Finance Association 

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 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 and find us on LinkedIn and X @ILFA_Official. 

About Arcadia Finance 

Arcadia is a U.S. commercial litigation, patent litigation, and domestic and international arbitration-focused legal funder offering solutions to all participants in the legal market. Led by industry veterans with over $425 million invested across over 80 deals, the firm offers customized financial solutions for all — from litigation boutiques to AmLaw firms and corporations. Arcadia’s mission is to invest in meritorious litigation, and with backing from multiple and flexible capital providers, the team find new ways to help clients and law firms finance, monetize, and share risk on their legal assets. Arcadia aims to make securing litigation funding as fast and convenient as possible. Going beyond traditional litigation finance agreements, Arcadia provides “frictionless funding” through the adaptable and transparent partnerships necessary for clients and law firms to make the most well-informed decisions. At every stage from pre-litigation to appeal and enforcement, Arcadia has the experience, flexibility, and capital to assist. 

For more information, visit https://www.arcadiafin.com/meet-our-team

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Harry Moran

Harry Moran

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Announcements Commercial Legal Innovation

Sentry Expands Free Funding Market Search for Litigators

By John Freund |

Sentry Funding’s free tool enabling litigators to instantly search the funding market on behalf of clients has been expanded.

Sentry’s free ‘decision in principle’ feature enables lawyers to evidence to clients that they have conducted a broad market search, even if funding is not ultimately taken out.

Having deployed £125m in funding across a range of case types, Sentry now has access to an even broader funding marketplace, covering 34 global jurisdictions. Finance is provided by 13 funders, five of which are members of the Association of Litigation Funders.

With the recent addition of Sentry’s first US-based funder, the US offering will now be expanding over the next few months. 

A faster process

Sentry has deployed the latest technology to make the search for funding even easier. 

  • The intuitive application process now only asks questions relevant to previous answers, saving lawyers time.
  • The commercial marketplace has been redeveloped with 63 new data points added to the funder criteria matrix - improving the accuracy of case / funder matching
  • Sentry has also begun building out its AI capabilities, starting with an automated auditing tool for live case progression audits. 

Tom Webster, chief executive officer at Sentry Funding, said:

‘By broadening our reach and speeding up the process, we’re making it even easier for lawyers to raise funding. We’re also giving litigators an easy way to show clients they have fully researched the market, rather than just approaching one or two funders. 

‘The service is free to use, so even if clients decide they do not ultimately want funding or if none is available for that case, for the lawyer, it makes sense to use our “decision in principle” feature, so they can put evidence on file that they did check the market.’

Sentry Funding is an SaaS (software as a service) technology provider that gives solicitors access to a diverse marketplace of litigation funders. It works with solicitors, funders and third-party providers to ensure claimants are getting the most efficient service for their funding needs. 

The Sentry Portal also acts as a case management system that runs a transparent digital case file for solicitors, funders, after-the-event insurance providers, barristers, cost lawyers and other relevant third parties.

Announcements Commercial

NorthWall Capital Hits €2.9 B AUM on Private Credit Momentum

By John Freund |

NorthWall Capital has rocketed past €2.9 billion in assets under management after pulling in an additional €1.6 billion of institutional capital in 2025 alone. The London-based alternative credit manager says the surge reflects allocators’ intensifying hunt for scaled, multi-strategy platforms as Europe’s banks retrench and borrowers seek bespoke sources of credit.

A press release from NorthWall Capital details first-close totals across four distinct strategies. The flagship Credit Opportunities fund secured €731 million—already eclipsing its prior vintage—while the newly launched Senior Lending vehicle raised $503 million, translating to roughly $750 million of deployable firepower once leverage is applied. Asset-Backed Opportunities collected €252 million for collateral-rich loans in sectors underserved by traditional lenders, and the specialist Legal Assets platform locked down $169 million to extend the firm’s law-firm lending programme.

Founder and CIO Fabian Chrobog said the fundraising validates “the consistency of our approach” and NorthWall’s ability to craft solutions that resonate with investors and counterparties alike. With headcount slated to hit 40 by year-end, the firm plans to lean further into complex, situational credit born of bank deleveraging, regulatory shifts and sponsors’ need for certainty of execution.

Announcements Commercial People Moves

Victory Park Expands Legal Credit Leadership with Maleson Promotion

By John Freund |

Victory Park Capital (VPC), a global alternative asset manager specializing in private credit, has announced that Justin Maleson will expand his role to Managing Director, co-heading the firm’s legal credit investment strategy. The promotion underscores VPC’s ongoing investment in its legal finance capabilities and follows Maleson’s initial appointment in 2024 as Assistant General Counsel.

An announcement from Victory Park Capital details Maleson’s new responsibilities, which include sourcing, analyzing, and managing investments across legal assets, while maintaining oversight of the firm’s legal operations. He joins Chad Clamage in co-leading the strategy, working alongside team members Hugo Lestiboudois and Andrew Pascal, under the continued oversight of VPC CEO and founder Richard Levy.

Maleson brings a strong background in litigation finance and commercial law to the position. Before joining VPC, he served as a director at Longford Capital, where he specialized in originating and managing litigation funding transactions. His earlier tenure as a litigation partner at Jenner & Block further deepened his exposure to complex legal matters, equipping him with the expertise needed to navigate the nuanced legal credit space.

VPC’s legal credit team emphasizes an asset-backed lending model, prioritizing downside protection and predictable income streams. The firm aims to capitalize on inefficiencies within the legal funding market by leveraging its internal expertise and broad network of relationships. With Maleson’s appointment, VPC signals its intent to further scale its legal credit strategy, positioning itself as a key player in the evolving legal finance sector.

Maleson’s elevation comes at a time of increasing sophistication in litigation finance, where experienced legal minds are playing a pivotal role in portfolio construction and risk management. As VPC bolsters its leadership, the move may foreshadow further institutionalization of legal asset investing and heightened competition in a maturing market segment.