LexShares, a leading technology platform for commercial litigation finance, today announced a majority investment from Chicago-based Brockhurst Capital Partners, a private equity firm focused on specialty finance. Brockhurst is managed by technology entrepreneur and investor Cayse Llorens, who will be joining LexShares as its CEO. Jay Greenberg, LexShares' founding CEO, will transition to President of the firm. Both he and co-founder Max Volsky, LexShares' Chief Investment Officer, will remain in their day-to-day roles and actively involved on the company's board of directors.
As CEO, Mr. Llorens will be focused on guiding LexShares’ strategic direction, including scaling the company’s technology to drive investment origination, expanding access to strategic capital, and building upon the innovative services offered on lexshares.com.
“Cayse has a strong track record of success in building exceptional and lasting companies,” said Greenberg. “After meeting the Brockhurst team, it was immediately clear that Cayse and his firm were the right partners to take LexShares to the next level. In our short time working together, he has already shown to be completely aligned with LexShares’ identity, business model and vision. I am confident that Cayse’s thought leadership, deep understanding of our industry, and technology operations experience has the potential to catalyze our business growth in the years ahead.”
“Our investment in LexShares is a testament to the outstanding business that Jay and Max have built, and the immense opportunity ahead of us,” said Llorens, now based in LexShares’ Boston headquarters. “The LexShares team continues to innovate and drive the litigation finance industry forward, creating value for attorneys, plaintiffs, and investors. Adding Brockhurst’s strategic resources to this impressive company positions us to capitalize on significant momentum in this fast-growing market. I’m truly excited to be a part of such an amazing team of great people.”
Prior to founding Brockhurst, Mr. Llorens was a venture capital investor at Invest Detroit Ventures, OCA Ventures, and Hyde Park Venture Partners. Before he began investing in great companies, he led software engineering teams through the $240 million IPO of R1 RCM, the $1.8 billion acquisition of Coyote Logistics by UPS, and the $400 million acquisition of BSwift by Aetna. Mr. Llorens graduated Summa Cum Laude in Computer Engineering from the University of Illinois in Urbana-Champaign, and concentrated in finance at the University of Chicago Booth School of Business, where he earned his MBA with honors.
“We are thrilled to secure institutional backing from Brockhurst and by the addition of Cayse to our leadership team,” added Max Volsky, the company’s Chief Investment Officer. “Jay and I look forward to working alongside Cayse to continue growing one of the leading litigation finance firms in the world.”
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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. Investment opportunities offered by LexShares are “private placements'' of securities that are not publicly traded, are not able to be voluntarily redeemed or sold, and are intended for investors who do not need a liquid investment. Investments in legal claims are speculative, carry a high degree of risk and may result in loss of entire investment.
