The Problem
Litigation funders have more deal flow than capital.
Most funds were built to invest, not to engineer capital structures. When deployment outpaces capital formation, good cases get passed. Criterica Capital provides the institutional infrastructure layer that solves this.
Our Position
We provide capital to funders, not compete for their cases.
Our underwriting uses outcome models — we can price legal asset risk.
We structure around your fund's deployment cycle and recovery timeline.
One capital partner. Multiple structures. Scales with your book.
Capital Structures
Flexible drawdown
Warehouse Facilities
Revolving credit lines sized to your deployment pace. Draw as cases fund, repay as settlements land.
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Model-based NAV
NAV Lending
Portfolio-level lending against the modeled net asset value of your litigation book. We lend against NAV because we can model it.
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Deal-by-deal
Co-Investment
Case-level co-investment alongside your position on oversized matters requiring ticket completion.
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Institutional structures
LP Access
Structured vehicles for family offices, pensions, and institutions seeking legal asset exposure without running a fund.
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Capital Flow
LP Capital
Family offices
Institutions
Criterica Capital
Underwriting &
structuring
Funder Facilities
Warehouse · NAV
Co-invest · LP
Case Deployment
Plaintiff · Law firm
Commercial · Intl
Recovery
Settlement
Judgment
How We Underwrite
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.
01
Outcome models
23,500+ predictive models across case types and jurisdictions
02
Court record depth
106M+ verified decisions used in model training
03
Jurisdiction calibration
Circuit, district, and state-level recovery benchmarks
04
Recovery modeling
Expected value, settlement range, and duration estimates per case
Discuss a capital facility for your fund.
Contact Our Team