Aisling Byrne, Director of Nera Capital

A California-based legal finance company is expanding its lending portfolio after securing a multi-million-dollar funding line from an Irish specialist funder.

Tribeca Capital’s new partnership with Dublin-based Nera Capital will provide a $50 million funding facility for anti-trust claims which focus on fair competition and preventing marketplace monopolies.

They will also be funding law firm portfolios, which allow firms to release capital from seasoned claims to assist with cash flow and reinvest in new cases.

For a decade, Tribeca has provided litigation funding to plaintiffs in personal injury suits, including cases surrounding dangerous drugs and defective medical equipment.

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As a result of the partnership with Nera, five new positions at Tribeca Capital will open up to handle the new claim types.

Rory Donadio, CEO of Tribeca Capital, said: “Commercial litigation funding plays a crucial role in ensuring the smooth progression of legal proceedings by covering essential expenses. It serves as a valuable financial tool in facilitating smoother case management and access to justice.

“We’re excited for our new partnership with Nera Capital after working on several successful opportunities together for a number of years.

“This partnership will help people obtain justice. It’s great to continue our work together as we tackle anti-trust and volume settlement claims.

“Nera’s dedication to advocating for justice mirrors our own values at Tribeca Capital. We’re eager to join forces and empower individuals and businesses to navigate complex legal challenges effectively.”

Nera Capital, which also has offices in Manchester and the Netherlands, has settled four major claims in the US during the last 18 months and has three more which they expect to settle this year.

The funder is currently financing a further 12 claims across the Atlantic and will be partnering with a number of leading US law firms with experience in the mass litigation market.

Nera Capital Director, Aisling Byrne, said: “This partnership with Tribeca underscores the dedication of our exceptional team and reaffirms our commitment to making a positive impact globally, through the responsible use of litigation finance.

“Our continued expansion into the United States is a pivotal point for us and it opens a lot of doors to exciting new possibilities.

“This strategic alliance not only strengthens our market position but also aligns perfectly with our core values of innovation and integrity. We are excited about the opportunities it presents for growth and global impact.”

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