LP Access

Legal asset exposure without running a fund.

For family offices, endowments, and institutions seeking the risk/return profile of litigation finance without the operational burden of fund management.

Criterica Capital offers structured vehicles — SPVs, feeders, and co-investment arrangements — that provide access to legal asset returns through capital-efficient, institutionally structured formats.

Investment Structures
Single matter
Case-Level SPV
Single-case or case-cluster special purpose vehicles. Defined return profile, defined hold period. Sized to the case or portfolio.
Diversified exposure
Feeder Fund
Access to a diversified book of litigation cases through a dedicated feeder into a Criterica Capital vehicle. Portfolio-level exposure without the operational overhead.
Selective participation
Co-Investment Vehicle
Participate alongside Criterica Capital on specific high-value matters that meet your return and risk criteria. Deal-by-deal decision-making.
Expectations

Legal assets are illiquid by nature. Cases take time to resolve. LP access vehicles at Criterica Capital are designed for patient capital — institutions with defined allocation windows and tolerance for case-level duration risk.

Minimum commitment: $2M per vehicle. Reporting: quarterly portfolio updates. Liquidity: structured at vehicle formation, not open-ended.

All vehicles are underwritten using the same outcome models and court record intelligence that drives direct capital decisions.

Who This Is For
Family offices
Seeking non-correlated yield with defined return timelines
Endowments and foundations
Allocating to alternative asset classes with favorable risk profiles
Pensions
Adding duration-matched, uncorrelated return streams
Insurance capital
Deploying into outcome-linked structures with defined loss limits
Sovereign wealth vehicles
Seeking US legal asset exposure through institutional structures
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 LP access to legal asset investments.
Contact Our Team