Litigation finance firm boosted by £10m funding facility from Canadian investor

Sandfield Capital, a Liverpool-based litigation finance company that provides loans to individuals and law firms pursuing legal claims, has secured a £10.5m funding facility from a Canadian investor.

The deal was arranged by London-based debt finance specialist Altimapa Capital. 

This is the second facility arranged by Altimapa and follows a £20m fundraise last December.

The new facility will enable Sandfield to meet growing demand for claims funding, in particular from claims against finance brokers for undisclosed commissions and tenants taking action against landlords for housing disrepair.

The latest facility is part of a £100m fundraise Altimapa is leading on behalf of Sandfield.

Sandfield Capital was founded in 2020 and has offices in Liverpool and London.

It has continuously evolved to meet growing client needs and has expanded its legal panel with the addition of three new specialist law firms.

It has also extended its funding capabilities to include claims for Military Hearing Loss to the claim types it supports.

Sandfield say its bespoke platform is unique in the way that it integrates seamlessly with law firms’ systems to ensure compliance with regulatory and underwriting standards and enabling claims to be processed rapidly.

All loans are fully insured so that, in the event that the claim is unsuccessful, the individual claimant has nothing to pay.

The latest facility will enable Sandfield to recruit new staff at its Liverpool operations centre and further expand the number and types of claims it funds.

Steven D’Ambrosio, CEO of Sandfield Capital said: “This new funding comes as Sandfield continues to make significant strides in helping to democratise access to justice.

“There has been a dramatic increase in undisclosed commissions and housing disrepair cases following news coverage and increased awareness of the legal remedies available. This latest funding will enable many more people to bring their case to court.”

Pedro Tavares, CEO of Altimapa, said: “We’re pleased to have secured an additional £10.5m credit facility for Sandfield Capital. It underscores our ability to bring international capital to UK businesses and the attractiveness of the civil litigation market to a widening, and increasingly international, panel of investors.” 

Altimapa also structured and arranged the Canadian Dollar hedge for this cross-border transaction.

Altimapa said it engages directly with a network of more than 800 institutional investors worldwide to ensure an efficient and transparent fundraising process.