Portfolio finance in California.
Portfolio-level capital for California case inventories — revolving facilities, portfolio purchases, NAV lending, and co-investment, underwritten on court records.
California is the largest and most active market in the country for portfolio-level litigation finance. The state does not maintain a champerty prohibition, and revolving credit facilities, portfolio purchases, and NAV-based lending against California case inventories are well established. Criterica Capital sizes portfolio finance against a firm's defined docket rather than any individual matter, structured to the composition and stage of the inventory and compliant with the state's professional-responsibility and fee-arrangement rules.
Los Angeles, San Francisco, San Diego, Sacramento, and the Bay Area anchor the deepest case-inventory base in the country. High-volume mass tort and wildfire dockets, employment and PAGA class action caseloads, IP and technology litigation portfolios, and consumer class action inventories give California firms some of the largest and most diversifiable case inventories available for portfolio-level facilities.