The program will use the funding to finance litigation in several patent infringement cases
New York, N.Y. – Nov. 11, 2021 - Finitive, the leading data-driven private credit marketplace, today announced that it has facilitated $51 million in financing for a program that provides litigation financing to patent owners. The funding will finance litigation for plaintiffs in several patent infringement cases.
“Institutional investors are drawn to litigation finance because of its potential to deliver higher yields in a low-rate environment, its low correlation to other asset classes and its countercyclical characteristics in a portfolio,” said Caroline Hayes, co-founder and President of Finitive. “We are thrilled to have facilitated this financing, which will enable plaintiffs to pursue infringements on their patents. This financing is a great example of how Finitive’s technology and data platform can make an otherwise esoteric transaction within an opaque asset class fast, accessible and easy.”
Founded in 2017, Finitive's platform uses technology and proprietary algorithms to connect borrowers with capital providers quickly and efficiently, and to streamline and expedite the due diligence process. All investments are funded directly by investors to borrowers, with no intermediary entity to add to time and costs. Borrowers have opportunities to access private credit funding from over 900 institutional investors with over $6 trillion in AUM; investors gain access to a multi-trillion-dollar market of opportunities across multiple asset classes and structures, including specialty finance, online lending, marketplace lending and private credit funds.
Finitive's deal origination engine draws opportunities from across the world, providing investors with a source of private credit transactions not found anywhere else.
To learn more about Finitive's private credit marketplace visit www.finitive.com.
Finitive is the leading data-driven private credit marketplace. Through its tech-enabled platform, institutional investors access a multi-trillion-dollar market of private credit opportunities across multiple asset classes and structures, including specialty finance, online lending, marketplace lending, and private credit funds. Borrowers gain efficient access to capital via a global network of investors who are actively allocating to private credit. All regulated activities are conducted through North Capital Private Securities, a registered broker-dealer and member FINRA/SIPC. For additional information, please visit Finitive's website at www.finitive.com.