NEW YORK CITY, NY – July 30, 2024 – Uncorrelated Capital, a rising force in the alternative asset investment landscape, has announced the successful closure of a $53 million funding round. This significant investment will primarily be directed towards expanding the firm’s litigation finance operations, alongside pursuing other uncorrelated investment strategies.

The funding was secured from a partnership with a leading private credit fund and a prominent plaintiff law firm, demonstrating strong confidence in Uncorrelated Capital’s approach and potential for growth. This combination of investors highlights the firm's unique positioning within the legal finance sector – bridging the gap between capital providers and legal teams facing complex and costly litigation.

What is Litigation Finance?

Litigation finance has emerged as a critical tool for plaintiffs seeking justice, particularly in cases involving significant financial stakes. It allows companies and individuals to pursue meritorious claims without the burden of upfront legal fees. Litigation finance firms like Uncorrelated Capital provide funding for legal expenses, including attorney fees, expert witness costs, and discovery expenses, in exchange for a portion of any eventual settlement or judgment. If the case is unsuccessful, the plaintiff typically doesn't owe any further fees.

Uncorrelated Capital's Strategy: Beyond Litigation Finance

While litigation finance forms the core of their business, Uncorrelated Capital's investment strategy extends beyond this single area. The firm is actively exploring other uncorrelated investments – assets whose performance isn't directly tied to traditional market fluctuations. This diversification strategy aims to provide stability and generate consistent returns for investors.

“We are thrilled to announce this significant funding round, which validates our vision for providing innovative capital solutions to the legal market and beyond,” stated a spokesperson for Uncorrelated Capital. “This investment allows us to aggressively expand our litigation finance capabilities, supporting plaintiffs in pursuing justice and delivering attractive returns to our investors.”

Why This Matters for the Legal Industry

The influx of capital into litigation finance is reshaping the legal landscape. It empowers plaintiffs who might otherwise be unable to afford a full legal fight, leveling the playing field against well-resourced defendants. It also creates opportunities for law firms to take on more complex and impactful cases, knowing they have access to the necessary financial resources.

Uncorrelated Capital’s success in securing this funding signals a growing appetite for alternative investment strategies and a recognition of the importance of litigation finance in the modern legal system. The firm is poised to play a significant role in the continued evolution of this dynamic sector.

About Uncorrelated Capital:

Uncorrelated Capital is an alternative asset investment firm specializing in litigation finance and other uncorrelated investment strategies. The firm is dedicated to providing capital solutions that support meritorious legal claims and generate attractive returns for investors.