Legal Finance
Growing Demand for Investments Across Different Jurisdictions and Themes
what differenciates us
Key Attractions
Mostly uncorrelated to the broader market
First mover with relationships to best-in-class managers
Access to more than 1’000 underlying cases
PG3’s strategies offer investors access to Legal Finance via primary and secondary fund commitments, co-investments and direct investments. From highly diversified fund of funds to working capital loans to law firms, we have developed several angles to an asset class that is widely uncorrelated to the broader financial markets.
PG3 AG is the first mover in providing investors with access to a broad spectrum of opportunities in Legal Finance. With the first fundraise dating back to 2015, we have established relationships with all leading managers in the asset class and made commitments of well over USD 700 million to the asset class.
PG3’s team has a proven ability and track record to navigate successfully in this asset class having closed over 60 fund- and co-investments and structured more than 25 complex loan solutions over the last 8 years. Direct sourcing via our network and exposure to more than 1’000 single legal cases and portfolios make us best equipped to provide attractive returns and offer diversification benefits to our investors.
what we do
Investment Approach
Funders support parties in the judicial enforcement of legal claims and incur the entire cost risk. If a case is successful, they receive a share of the profits of the litigation.
PG3 AG offers its investors the whole spectrum of ways to invest in the asset class and has set up several funds tailored to different risk-return preferences.
PG3 AG invests in:
- Primaries
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PG3 AG offers access to best in class legal finance managers via its fund-of-funds structure. Currently investing with its third fund-of-funds program, investors benefit from our unparalleled experience providing for sophisticated manager selection and high diversification from day one. As a highly regarded investor in the space, we also get preferential access to co-investments that offer unique opportunities to get a more direct exposure to a specific case and come with better fee arrangements.
- Secondaries
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As a trusted partner for many managers, we are ideally positioned to offer liquidity solutions for LPs in the asset class. Our extensive knowledge of both the market and individual funds enables us to achieve mutually beneficial outcomes. Investors in our secondaries program benefit from our access to attractively priced opportunities inside a niche of the market as well as faster cashflows.
- Law Firm Lending
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Law firms working on a contingency basis usually exhibit a cashflow mismatch – they have to pay their employees long before they incur revenues from their cases. With our global network within the industry and knowledge about major lawsuits we are best equipped to assess the revenue potential of a law firm and structure working capital solutions tailored to the firms’ needs.
