Eire-based litigation finance agency Nera Capital has secured a €150m (£126.26m) funding from an unnamed investor to fund its ongoing progress.
The investor has been described as “a considerable European funding platform” whose backing will assist Nera Capital to increase its providing into new jurisdictions.
Earlier this yr, the lender opened its first workplace within the Netherlands, including to its areas in England and Eire.
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“This newest funding accomplice is a strategic development which is able to significantly improve the providers we offer to our purchasers and companions,” mentioned Aisling Byrne, director of Nera Capital.
“I’m excited in regards to the prospects this funding line will unlock.”
Byrne known as the deal a ‘vital milestone’ for the enterprise.
“Nera Capital continues to advocate for transparency and selling greater trade requirements,” she added.
“We help financially susceptible shoppers, while sustaining distinctive returns for our buyers and all stakeholders.
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“This latest collaboration permits us to boost client entry to justice, supporting equitable outcomes over time for extra folks.”
Because it was based in 2011, Nera Capital has assisted greater than 200,000 claimants in a number of areas, by offering funding to legislation corporations throughout Europe and the US.
Just lately, the agency secured a spot within the European Litigation Funders Affiliation.
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