Dublin-headquartered litigation funder Nera Capital has entered the secondary market with a new $50 million fund focused on acquiring and selling mature legal assets.

The launch marks the next stage in Nera’s growth strategy, expanding the firm’s work with other funders and investors at a time when secondary transactions are gaining momentum across litigation finance.

The firm, which has returned over $160 million to investors in more than 15 years, will now engage in both buying and selling funded positions within its portfolio and with other funders or claimants.

Aisling Byrne, Director at Nera Capital, said: “Our participation in the secondary market reflects the maturity of our underwriting business and the growing sophistication of the litigation finance industry as a whole.”

“We’re interested in opportunities where we can acquire existing funded positions from other funders or claimants or, equally, where we can allow other funders or investors to buy into mature portfolios within our own book.”

“It’s about creating flexibility, value for all stakeholders and further opportunity for Nera, our partners, and the wider market.”

The fund builds on Nera’s established approach to case assessment and funding, allowing it to work with a wider range of funders, law firms and institutional investors who want exposure to litigation finance without sourcing cases themselves.

Nera has already completed a number of secondary transactions across the US and Europe, acquiring and selling positions with a focus on quicker resolution timelines.

Aisling reflected on the advantages of co-operation between experienced funders and the efficiencies that can be achieved within a developing secondary market.

“The secondary market offers a natural complement to our core business,” she said.

“It allows us to collaborate with like-minded funders who share our disciplined, data-driven approach to underwriting, while contributing to a stronger and more transparent sector overall.”

The launch of the $50 million fund is backed by sophisticated investors who support Nera’s long-term approach to secondary market participation and its commitment to developing innovative, value-driven capital solutions.

Nera said the new fund will support ongoing transactions and further deals across the UK and European markets over the coming year.