Litigation finance specialist Nera Capital has announced that it now carries an expected realisation value (ERV) of over $1bn (£730m) in revenue across its companies.

The Dublin-headquartered firm, which also operates from Manchester, the US and the Netherlands, said it has built its portfolio by financing law firm claims in areas such as financial mis-selling, cartel damages and mass consumer redress.

ERV is widely used in litigation finance to assess the current and expected value of a funder’s cases.

The new milestone comes just months after it reported surpassing $100m in cumulative repayments to investors, with repayments forecasted to surpass $150m this quarter.

“We are very proud of reaching this milestone. This isn’t just about numbers, it’s a validation of our rigorous approach to case selection, technology-enabled risk management, and commitment to access to justice,” said Aisling Byrne, the firm’s co-founder and director.

“Our investors and claimant partners benefit from what we believe is a uniquely resilient and scalable model in litigation finance.”