From the Fund Manager
Weekly updates. Every week. In writing.
A short note each week on portfolio status, collections, and what we're seeing in the market — the same letter our investors receive.
Q3 fee collections and portfolio status
Settlements accelerated into quarter-end: which firm portfolios resolved cases, how realized fees compared to underwritten values, and where coverage stands going into Q3.
Past updates
Published weekly, archived hereThree new firm partnerships under review
Three established plaintiff firms entered pre-underwriting this week. What we look for in a firm's case inventory before a dollar moves.
Read update →New provider portfolios under review
Placeholder excerpt — a short summary of this week's note from the fund manager goes here.
Read update →Mid-year letter: how we underwrite in this market
A longer note on our underwriting posture at mid-year: advance rates, where we're tightening criteria, and why we keep passing on deals that look great on paper.
Read update →Settlement velocity and what it means for Q3
Cases across the portfolio are resolving faster than the trailing four-quarter average. What that does to expected cash flows — and what it doesn't change.
Read update →Coverage ratio update after June statusing
Results of the June 90-day statusing cycle: every funded case re-verified, and the portfolio-wide coverage ratio after refreshed valuations.
Read update →A note on regulatory changes in two states
Two states updated rules affecting attorney fee structures and legal funding. A plain-language summary of what changed and why our portfolio isn't materially affected.
Read update →May distribution confirmed — details inside
The May distribution is confirmed and funded entirely from collected fees. Payment timing, reinvestment election deadlines, and the month in three numbers.
Read update →Q2 distribution confirmed — details inside
The Q2 distribution is confirmed and funded entirely from collected fees. Payment timing, reinvestment election deadlines, and the quarter in three numbers.
Read update →Get the weekly letter by email.
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