In July 2015, JustKapital signed a Joint Venture and Co-Funding agreement with Longford Capital Management, LP, an established leader in the litigation finance industry.
Longford Capital provides non-recourse capital solutions to businesses and other organisations involved in high-value commercial disputes with US$25 million to more than US$1 billion in controversy. Longford Capital typically funds attorneys’ fees and other costs incurred in litigation.
JustKapital and Longford Capital will jointly finance cases in Australia, New Zealand, the United States and other jurisdictions. JustKapital will take the lead in identifying potential cases in Australia and New Zealand, while Longford Capital will take the lead in identifying cases in the United States. JustKapital and Longford Capital will also collaborate to identify opportunities in other jurisdictions.
Co-funding decisions will be made on a case by case basis.