Capital Structures
Revolving Credit Facility
A borrowing base facility secured against active case inventory. Draw as cases settle, repay from proceeds, redraw against new filings. Size and duration are set by the provider.
Portfolio Purchase
Outright sale of a defined set of case economics by the originating firm to an independent buyer. Can provide immediate liquidity. The buyer assumes settlement risk. Minimums are set by the buyer.
NAV-Based Lending
Lending against the net asset value of settled but unpaid judgments or cases in late-stage resolution. Ideal for firms with verified settlements awaiting disbursement. Advance rates are set by the provider.
Co-Investment
An independent capital provider may co-invest alongside the law firm on shared economics, with the request prepared by Criterica Capital. Firm retains primary relationship; the provider supplies incremental capacity. Custom profit-share structure.
Set by the capital provider
Minimum portfolio
Set by the capital provider
Typical duration
Structured per portfolio
Advance rate
Process
01
Portfolio Submission
Submit case inventory, fee agreements, and pipeline data for initial assessment.
02
Portfolio Review
Criterica Capital conducts case-level review and portfolio-level risk assessment across the submitted inventory.
03
Term Sheet
Capital structure and pricing come from the provider after the review of a complete submission.
04
Financing Step
If a provider extends a facility, close and draw with that provider. Reporting terms are in the provider's agreement.
How We Underwrite
Every financing request Criterica Capital prepares is evaluated against outcomes, not collateral. Our models are trained on 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 a request is prepared for independent capital providers.
01
Outcome models
Predictive models for each case type and jurisdiction
02
Court record depth
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 your portfolio structure.
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