Legal finance ABS pools settlement receivables from multiple cases and makes them available to capital partners as a single vehicle. Rather than funding cases one at a time, a pool distributes risk across a diversified set of matters — different case types, jurisdictions, and expected timelines. Case outcomes drive performance.
Criterica Capital participates in ABS-permissive structures as a capital provider, applying the same underwriting process we use for direct advances. We do not change what we look for in a case — we apply it consistently whether funding a single plaintiff or contributing to a broader capital pool.
Every case included in a Criterica Capital pool goes through the same underwriting review we apply to direct advances — liability assessment, damages analysis, attorney track record, and jurisdictional considerations. We do not relax standards at the pool level. Capital partners can expect consistent case quality across the portfolio.
Every capital decision at Criterica Capital is underwritten against outcomes, not collateral. Our models are trained on 106M+ real court records across US federal courts, state courts, and international jurisdictions.
We assess jurisdiction-level recovery rates, case-type outcome distributions, time-to-resolution curves, and attorney performance history before committing capital. No collateral. No credit check. Outcomes only.