LexShares, a technology leader in litigation funding, today announced the oversubscribed closing of LexShares Marketplace Fund II (LMFII), a $100 million fund dedicated to commercial litigation investments. LexShares’ rollout of the fund will be overseen by new chief executive, Cayse Llorens, who joined the company’s management team in 2021.
Investment in the fund was led by Titan Advisors, a $4.5 billion alternative investment firm, with additional participation from several institutional investors and select family offices.
“We are delighted with our participation in LexShares Marketplace Fund II and our relationship with LexShares,” said Rob Wilson, Director of Insurance Funds at Titan Advisors. “We believe the growing importance of LexShares in an industry with multi-decade growth potential supports the goals we share with our investors. We believe in LexShares’ mission to use technology to find high-quality investment opportunities and, more broadly, to use capital to enable litigants with valid claims to fully access the promise of the system of civil justice.
The successful closing of LMFII follows another major milestone for the funder. In 2021, LexShares received a majority investment from Brockhurst Capital Partners, a Chicago-based private equity firm specializing in specialty finance. As part of the investment, Brockhurst founding partner Mr Llorens has been named CEO of LexShares. A technology entrepreneur and accomplished investor, Mr. Llorens will guide the company’s strategic direction while leading the deployment of LMFII by LexShares.
Prior to founding Brockhurst, Mr. Llorens was a venture capitalist at Invest Detroit Ventures, OCA Ventures and Hyde Park Venture Partners. Previously, he led software engineering teams in the $240 million IPO of R1 RCM, the $1.8 billion acquisition of Coyote Logistics by UPS, and the acquisition of 400 million dollars from BSwift by Aetna. Mr. Llorens graduated summa cum laude in Computer Engineering from the University of Illinois at Urbana-Champaign and earned his MBA with honors from the University of Chicago Booth School of Business.
Mr. Llorens joins LexShares’ management team and board of directors alongside company co-founders Chairman Jay Greenberg and Chief Investment Officer Max Volsky.
“Over the past eight years, LexShares has become one of the most active litigation funders in the market, using technology-driven insights to help our team find more than 140 investments,” said Llorens. . “From the outset, LexShares sought to facilitate greater participation in the legal system while expanding access to a growing asset class. Armed with this new capital, we will continue to explore new applications of the technology where they are legal, strengthening LexShares’ position as a leader in the middle market of commercial litigation funding.
LexShares is a leading litigation funding technology platform with an innovative approach to initiating and funding high-value commercial legal claims. LexShares funds litigation cases, primarily behind its proprietary Diamond Mine software, both through its online marketplace and dedicated litigation funding funds. Founded in 2014, the company is privately held with primary offices in Boston and New York. For more information, visit
About LexShares Marketplace II Fund
LexShares Marketplace Fund II (LMFII) is the company’s second discretionary fund dedicated to providing access to a portfolio of litigation-related assets. LMFII retained Seward & Kissel LLP as legal counsel, BDO USA, LLP for tax and auditing services, and SS&C Technologies Inc. as fund administrator.
This release may contain “forward-looking statements” which are not guaranteed. Investment opportunities posted on LexShares are offered by WealthForge Securities, LLC, a registered broker-dealer and Member FINRA/SIPC. LexShares and WealthForge are separate entities. The investment opportunities offered by LexShares are “private placements” of securities that are not publicly traded, cannot be voluntarily redeemed or sold, and are intended for investors who do not require a liquid investment. Investments in legal claims are speculative, involve a high degree of risk and may result in the loss of the entire investment.
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