New Finance Venture, Uncorrelated Capital, Unveiled With $53 Million Backing for Lawsuits Funding
Uncorrelated Capital, a newly launched alternative asset investment firm, has entered the litigation finance sector with a long-term, partnership-oriented approach. The company, founded by serial entrepreneur Miles Cole, has raised $53 million in initial funding.
Cole, who has prior experience in the medical robotics and fintech sectors, aims to apply a data-driven, software-first strategy to the litigation finance sector. Uncorrelated Capital's investment focus is on litigation finance, with a commitment to aligning incentives between parties involved.
Litigation finance, an alternative investment strategy, provides capital to plaintiffs or law firms to fund legal cases. Returns from these investments are uncorrelated to traditional market movements, making them appealing for diversification. Uncorrelated Capital's approach builds on this by fostering partnerships, working collaboratively with litigants and legal teams to align goals beyond simple financing.
The funding for Uncorrelated Capital was provided by a leading private credit fund and one of the nation's premier plaintiff law firms. The company is already deploying tens of millions of dollars into thousands of legal claims, including high-profile litigations such as Camp Lejeune.
Uncorrelated Capital is also building tooling, systems, and infrastructure to modernize the litigation finance asset class. The firm can be contacted via email at [email protected], and media inquiries should be directed to [email protected].
The litigation finance sector has historically been underserved by technology, according to Uncorrelated Capital. By entering this sector, the company aims to improve outcomes for plaintiffs by aligning incentives and modernising the asset class. This positions Uncorrelated Capital as a new entrant capitalising on the growing interest in litigation funding as an alternative asset class.
[1] Press Release: Uncorrelated Capital Launches with $53 Million to Modernize Litigation Finance. (2021). Retrieved from https://www.uncorrelated.capital/press-releases [2] What is Litigation Finance? (2021). Retrieved from https://www.uncorrelated.capital/resources/what-is-litigation-finance [3] Litigation Finance: A New Asset Class for Investors. (2021). Retrieved from https://www.uncorrelated.capital/resources/litigation-finance-a-new-asset-class-for-investors [4] Image Credit: Uncorrelated Capital Logo (2021). Retrieved from https://www.uncorrelated.capital/ [5] The Benefits of Litigation Finance. (2021). Retrieved from https://www.uncorrelated.capital/resources/the-benefits-of-litigation-finance
The website of Uncorrelated Capital is located at www.uncorrelated.capital.
- Uncorrelated Capital, with a focus on litigation finance, aims to apply a data-driven, software-first strategy, leveraging AI and AR technology to modernize this traditionally underserved sector.
- The firm's investment strategy involves building partnerships with litigants and legal teams in order to align goals beyond simple financing, maximizing potential returns from litigation.
- In addition to financing, Uncorrelated Capital is also developing tech tools, systems, and infrastructure to improve outcomes for plaintiffs in the litigation finance sector.
- Founded by serial entrepreneur Miles Cole, Uncorrelated Capital has successfully raised $53 million in initial funding from a leading private credit fund and one of the nation's premier plaintiff law firms.
- With investments already being made into thousands of legal claims, including high-profile litigations like Camp Lejeune, Uncorrelated Capital is poised to capitalize on the growing interest in litigation funding as an alternative asset class.
