Litigation financing
Litigation financing, an asset class with very low correlation to traditional financial markets and offering diversification in an unlisted portfolio
Litigation financing consists of providing financial resources for legal proceedings (attorney fees and expert opinions) brought by companies, associations, or foundations to enable them to obtain compensation for damages. This segment of private debt offers returns that are uncorrelated with the markets and interest rate fluctuations.
Major trends
Estimated at $23.57 billion in 2024, the litigation financing market is growing rapidly and is expected to reach $25.84 billion in 2025 and $59.78 billion by 2034 (Market Research Future). This trend responds to two key challenges: optimizing companies' P&L by avoiding the use of their own funds, and facilitating access to justice, particularly for class actions. In Europe, compensation claims are on the rise, driven by competition law, the GDPR, and the Damages Directive.
IVO Capital is a well-established and leading player in the European market with ten years of experience in this asset class, whose unique characteristics make it particularly attractive to investors. Litigation financing is characterized by two striking asymmetries. First, court and arbitration decisions are not affected by fluctuations in the financial markets and the global economy, offering investors valuable decorrelation. Second, the size of the transactions financed is not directly correlated with the expected gains: the cost of litigation or arbitration depends primarily on its legal complexity, rather than the amount of the claim.
Our investment universe
Over the past decade, IVO Capital has financed around 50 cases. The portfolio of financed operations is diversified both geographically—continental Europe, the United Kingdom, North America, and others—and in terms of the types of actions—actions for compensation following convictions by regulatory authorities, such as competition authorities, the CNIL, etc., and actions for breach of contractual obligations, allowing compensation for damages suffered, whether through arbitration proceedings or before state courts.
Are you a law firm?
Submit your files to us
Contact us to submit your application in complete confidentiality.
Are you the plaintiff?
Get your procedure financed
Contact us to submit your application in complete confidentiality.
Are you an investor?
Access an uncorrelated asset class
Our rigorous approach to portfolio selection, financial engineering, legal expertise, and active risk management enable us to generate competitive risk-adjusted performance.
An experienced team at the service of our customers
Paul de Servigny
Paul joined IVO Capital in October 2018 as a legal analyst in the Litigation Finance team. Paul focuses primarily on analyzing and monitoring litigation financing transactions. He was appointed manager in September 2021. Paul has been admitted to the New York Bar since July 2018 (No. 5613385). He also holds a master's degree in French and English business law and a master's degree in comparative business law from Paris X University. He also holds an LLM from the University of California, Berkeley.
Alexandre Lercher, PhD
Alexandre joined IVO Capital in March 2023 as a legal analyst. He focuses primarily on analyzing and monitoring litigation proceedings financed by our funds. He also teaches international contract law and comparative business law at Paris Dauphine University, as well as litigation financing at UPEC and the University of Geneva.
Alexandre holds a doctorate in law and a CAPA (Certificate of Aptitude for the Profession of Lawyer). He defended a thesis entitled "The influence of third-party funding on international arbitration proceedings, or the financialization of arbitration" at Paris Dauphine University. He holds a Master 2 in International Business Law from the University of Lorraine, a university degree in International Business Litigation from UPEC, and an LLM in International Dispute Settlement (MIDS) jointly awarded by the Graduate Institute of International and Development Studies and the University of Geneva Law School.
Phoebe Dubois
Phoebe joined IVO Capital in April 2023 as an analyst in the Litigation Finance team. She holds a Master's degree in Business Law - DJCE from the University of Poitiers and a Specialized Master's degree in Financial Strategies and Responsible Investments from Audencia Business School.
Vadim Lahmi
Vadim joined IVO Capital in March 2023 as an analyst in the Litigation Finance team. Vadim focuses primarily on assessing damages in cases under review and monitoring various financing arrangements.
Previously, Vadim gained experience in damages assessment at FTI Consulting and Accuracy.
Vadim holds an MSc. in Management from ESSEC Business School.