Bryant Park Capital (“BPC”), a leading middle market investment bank with a focus in the specialty finance industry, announced that Golden Pear Funding, LLC (“Golden Pear” or the “Company”) recently closed on the structured sale of a portfolio of pre-settlement advances and entered into a multi-period forward flow agreement totaling up to $120 million with a leading asset manager in the specialty finance sector. Founded in 2008, Golden Pear is now the top pre-settlement funding company in the United States, having funded over $400 million dollars in legal advances nationwide.
This is the Company’s second forward flow portfolio sale arrangement, and it provides the Company with additional liquidity and working capital.
“Litigation Finance is being increasingly recognized by institutional asset managers and private equity firms as an asset class that offers diversification, attractive yields and alpha – returns that are uncorrelated to the economy in general. Golden Pear is a leading player, if not the leader in this growing, yet still largely unpenetrated sector. Having access to capital from credit facilities with well-respected lenders and through forward flow arrangements from institutional asset managers such as this transaction, Golden Pear is very well positioned to take advantage of organic growth, JV and consolidation opportunities,” added Joel Magerman, CEO of Bryant Park Capital.
About Golden Pear Funding:
Golden Pear Funding is an originator of pre-settlement advances in the United States. Golden Pear provides non-recourse advances against potential settlements of legal claims. Legal advances are a way for plaintiffs with strong personal injury cases to receive cash up-front to support living costs. The advances are not used for legal fees and enable plaintiffs’ counsel to properly negotiate a legal settlement. For more information about Golden Pear, please visit www.goldenpearfunding.com
Bryant Park Capital Arranges $120 million Forward Flow Facility for Golden Pear Funding
Capital Raising, Mergers & Acquisition, Specialty Finance & Financial Services“We are very proud to have executed our second forward flow facility, once again with a great partner. This facility provides Golden Pear with additional working capital, which will enable us to continue to aggressively pursue our growth strategy. This is our seventh consecutive transaction in less than three years with Bryant Park Capital as our investment bankers, who have been an integral part of our success."