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. Typical size: $500K–$10M. Duration: 12–24 months rolling.
Portfolio Purchase
Outright acquisition of a defined set of case economics from the originating firm. Provides immediate liquidity. Criterica Capital assumes settlement risk. Minimum 10 cases / $2M+ aggregate expected value.
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. Typical advance: 80–90% of net expected recovery.
Co-Investment
Criterica Capital deploys alongside the law firm on shared economics. Firm retains primary relationship; Capital provides incremental capacity. Custom profit-share structure.
10 cases / $2M+ aggregate EV
Minimum portfolio
12–18 months
Typical duration
Structured per portfolio
Advance rate
3–4 weeks from portfolio submission
Closing timeline
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 delivered within 5–10 business days of complete submission.
04
Capital Deployment
Close and draw on the facility. Ongoing reporting and portfolio analytics provided.
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 your portfolio structure.
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