NAV Lending

Lending against the modeled value of your litigation portfolio.

We lend against NAV because we can actually model it. Most lenders cannot price litigation portfolios — we can, because we have the outcome models and the court record depth.

NAV facilities are available to established funds with 12+ months of deployment history and a portfolio of 10+ cases across qualified practice areas.

What Makes This Different
We can model what your portfolio is worth
Most lenders cannot price litigation portfolios. We can — because we have 23,500+ outcome models trained on 106M+ court records. NAV lending at Criterica Capital is underwritten against the same intelligence that prices the underlying cases.
No forced liquidation
NAV facilities are sized against modeled portfolio value, not mark-to-market on individual cases. Temporary case outcomes do not trigger facility calls.
Aligned with your recovery timeline
Facility terms match the expected duration of your portfolio — not arbitrary commercial loan maturities. We understand that litigation takes time.
Eligibility

NAV lending is available to established litigation finance managers with a track record of deployment and a portfolio of sufficient size and diversification for outcome modeling.

First-time or pre-deployment funds should start with our warehouse facility product. NAV lending is the next structure once your portfolio has sufficient history.

Fund age
12+ months of deployment history
Portfolio size
10+ active funded cases
Practice areas
Commercial, PI, employment, IP, mass tort
Fund structure
Closed-end or evergreen, any domicile
Minimum facility
$10M
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 NAV facility for your litigation portfolio.
Contact Our Team