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Archive List for Risk Management

The Prohibition Model: North Carolina Bans Litigation Funding

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The Prohibition Model: North Carolina Bans Litigation Funding On June 22, 2026, North Carolina became the first US state to ban third-party litigation funding outright — not disclosure, not a cap, a flat prohibition. Here’s what the statute actually does, and what it means for the asset class. The Headline Most states fighting over litigation […]
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The VC Myth, Debunked: Why Patent Funders Aren’t VCs

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Thompson on Patent Litigation Finance Reading Sean K. Thompson’s new preprint — and what the publicly disclosed Burford and Omni Bridgeway data actually say about how patent funders make money. The Setup In 2025, four WilmerHale attorneys published The Venture Capital Model Applied to Litigation Funding: Misaligned Incentives and the Harm to Innovation in volume […]
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The Litigation Grind: 42 Cases, 7 Years, 1.25% IRR

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42 Cases, 8 Investors, One Platform’s Collapse How my investor group barely broke even on a litigation finance crowdfunding platform The Bottom Line My investor group put $2.3 million into 42 commercial litigation cases on LexShares from 2017-2020. We barely broke even. Total Invested $2,331,000 Members 8 Cases 42 Record 20 wins, 15 losses, 7 […]
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How ‘Senior Secured’ Became Subordinated Scraps

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YieldStreet Law Firm Financing VII: A 6-Year Saga Ending in Default A $15M “senior secured” loan to a class action law firm — how I lost $87,742 over 6.5 years The Numbers Invested $250,000 Returned $162,258 Net Loss ($87,742) MOIC 0.65x IRR (10.28%) Holding Period 2,355 days Target Term 36 months The Investment On March […]
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The Pyrrhic Victory: Won at Trial, Lost Money

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LexShares Case #310: When Winning Still Loses Money UKnight v. Knights of Columbus — a $100 million lawsuit wins at trial, but the $500,000 verdict doesn’t cover the litigation funding The Numbers Invested $170,000 Returned $149,937 Net Profit ($20,063) MOIC 0.88x IRR -4.41% Holding Period 1,018 days The Case List Interactive v. Knights of Columbus […]
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The Concentration Bet: Going All-In on Litigation Finance

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How reaching my first million transformed my investment strategy and led me to explore litigation finance—including the risks, rewards, and lessons learned from concentrated alternative asset investing. Disclaimer: This article describes my personal investment experience and should not be construed as investment advice. Litigation finance involves substantial risk, including total loss of capital. Always conduct […]
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Portfolio

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Alternative Investment Portfolio Real-money results from litigation finance, real estate, and private credit — 2016 to present Portfolio Summary Category Deployed Returned Status Litigation Finance $4,004,062 $2,311,825 3 funds active, 3 cases pending Real Estate $390,270 $408,800 Closed Private Credit $1,129,475 $1,295,822 Closed Litigation Finance Funding commercial lawsuits in exchange for a share of settlements […]
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