Nera Capital nets €150m investment
Ireland-based litigation finance firm Nera Capital has secured a €150m (£126.26m) investment from an unnamed investor to fund its ongoing growth.
The investor has been described as “a substantial European investment company” whose backing will help Nera Capital to extend its offering into new jurisdictions.
Earlier this year, the lender opened its first office in the Netherlands, adding to its locations in England and Ireland.
Read more: Litigation funder Nera Capital hires financial services veteran as CFO
“This latest funding partner is a strategic advancement which will greatly enhance the services we provide to our clients and partners,” said Aisling Byrne, director of Nera Capital.
“I am excited about the possibilities this funding line will unlock.”
Byrne called the deal a ‘significant milestone’ for the business.
“Nera Capital continues to advocate for transparency and promoting higher industry standards,” she added.
“We assist financially vulnerable consumers, whilst maintaining exceptional returns for our investors and all stakeholders.
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“This newest collaboration allows us to enhance consumer access to justice, supporting equitable outcomes over time for more people.”
Since it was founded in 2011, Nera Capital has assisted more than 200,000 claimants in multiple locations, by providing funding to law firms across Europe and the US.
Recently, the firm secured a spot in the European Litigation Funders Association.
Read more: Irish and American litigation finance providers partner to deploy $50m
