The document discusses litigation finance, which provides capital to plaintiffs involved in lawsuits. It notes that litigation finance has grown popular due to billions of dollars from institutional investors. Litigation finance investments have high returns that are uncorrelated with the broader market but carry high risks, as investors could lose their entire principal if a case is lost. The document describes the rigorous due diligence and case selection process used to identify high-quality cases and structures deals to reduce risks for investors.

3. The growing popularity of litigation finance has been fueled by billions of
dollars from hedge funds, private equity and other institutional investors.

4. • Litigation finance (also called litigation funding) is the practice where a third party
unrelated to the lawsuit provides capital to a plaintiff involved in litigation in return for a
portion of any financial recovery from the lawsuit
• Litigation finance unlocks the value of legal claims by providing capital to plaintiffs
before their cases are resolved
• Litigation finance investments have zero correlation with other asset classes
• Payouts from lawsuits bear no relation to interest-rate rises or stock market swings
• Most litigants cannot afford to wait for settlement, get paid high returns for simply
waiting
• Recoveries are hard to model which provide for returns as high as 10x

5. • Returns from litigation finance have been strong and uncorrelated
with the broader market
• The returns for litigation finance depend on the outcomes of particular
court cases, which are unaffected by market movements
• Cases frequently take three to five years to reach a settlement which
provides nice yield duration for a funding portfolio

6. Litigation funding investments, whether via bonds or equities, carry high risks. If a claimant loses a case, it is
likely that you will lose part, or all, of your initial investment and receive no outstanding or future interest
payments. Alternatively, the litigant may settle the case on terms that do not enable all of the interest and/or
capital to be recovered.

8. ✓ Cases are sourced via a network of fraud examiners, attorneys,
hedge fund managers, and investigative journalists
✓ Rigorous due diligence is performed on the parties involved and
the potential for asset recovery
✓ Conservative estimates on the timeframe for recoveries allows us
to structure deals with little downside and significant potential for
high returns
✓ Investment pipeline is robust with large number of high-quality
cases with the potential for large recoveries
✓ All investments will be collateralized with multiple cases to
diversify risks

9. • The high idiosyncratic risk of any specific case is the main risk for investors
• Cases can often take longer to be resolved than anticipated
• Other parties may try to claim proceeds from the case, the regulator ultimately decides who receives the recovery
• The legal status of litigation finance remains uncertain in some jurisdictions

10. • Risks can be reduced through underwriting, structuring, oversight, choice
of attorneys, diversification, and choice of jurisdictions.
• Proper underwriting protects investors from adverse selection and moral
hazard by selecting only sound cases for investment purposes.
Structuring and oversight also minimize conflicts of interest.
• Attorneys with histories of acting in good faith in the litigation finance
industry are even more important.
• Experienced attorneys with good access and relationships with
regulators is also an edge that can help to improve returns.
• Long time horizons and diversified portfolios can help investors to
decrease risks related to low liquidity.

11. Litigation funding investments, whether via bonds or equities, carry high risks. If a claimant loses a case, it is likely that
you will lose part, or all, of your initial investment and receive no outstanding or future interest payments. Alternatively,
the litigant may settle the case on terms that do not enable all of the interest and/or capital to be recovered.

13. Our pipeline is comprised of the highest-quality cases supported by the
most respected hedge fund managers and fraud examiners in the
business. This leads to faster settlements for our investors.

14. Investment Minimum $1,000,000
Management Fee 1.00%
Performance Fee 20% with hurdle rate
Hurdle Rate 20%
High Water Mark Yes
Fund Capacity $75,000,000
Lock Up Two Years
Litigation funding investments, whether via bonds or equities, carry high risks. If a claimant loses a case, it is likely that you will
lose part, or all, of your initial investment and receive no outstanding or future interest payments. Alternatively, the litigant may
settle the case on terms that do not enable all of the interest and/or capital to be recovered.

15. Litigation funding investments, whether via bonds or equities, carry high risks. If a claimant loses a case, it is likely
that you will lose part, or all, of your initial investment and receive no outstanding or future interest payments.
Alternatively, the litigant may settle the case on terms that do not enable all of the interest and/or capital to be
recovered.
Ashton Global LLC
48 Wall Street, 11th floor
New York, NY 10005
www.ashtonglobal.com
Contact: Kijana Mack
+1 212 514 8953
kmack@ashtonglobal.com