Summary Details

Amount committed
$21,899,000
Maximum amount
$25,000,000
Minimum investment
$75,000
Investors
91 of 99 investor limit
Management fee
2.5%
Carry
20%
Status
Open for investment


Note: LexShares Marketplace Fund I is currently accepting investments but has not begun to deploy capital. Amounts include LMFI QP fund.

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LexShares Marketplace Fund I is fully subscribed. Please fill out information below and we will contact you should additional capacity become available or if you are a Qualified Purchaser.

Frequently asked questions

LexShares Marketplace Fund

What is LexShares Marketplace Fund I?

LexShares Marketplace Fund I (LMFI) provides accredited investors with the ability to invest in multiple legal claims through a single fund allocation. LMFI will invest in claims posted to the LexShares platform as well as other litigation finance opportunities.

What is the investment strategy of the LexShares Marketplace Fund I?

LMFI follows a general litigation finance strategy, with the ability to make direct or indirect investments in legal claims by purchasing the right to receive a portion of any prospective recovery from such matters.

What type of lawsuits will the LexShares Marketplace Fund I target?

LMFI will target a broad set of litigation finance opportunities. These include commercial claims at all stages of litigation, portfolios of legal claims, torts, law firm financing, and fee and settlement acceleration.

Will the LexShares Marketplace Fund I invest in legal claim offerings posted on the LexShares platform?

Yes, LMFI will invest in legal claim offerings posted on the LexShares platform as well as in litigation finance opportunities directly.

What is the structure of the LexShares Marketplace Fund I?

LMFI is a 3(c)(1) private fund with a 99-member limit. LMFI QP is a parallel 3(c)(7) fund for Qualified Purchasers.

How can I invest in LMFI?

You can invest in LMFI directly through www.lexshares.com, where investors will have access to fund documentation and can complete the investment process electronically.

Who can invest in LMFI?

LMFI is open to Accredited Investors as defined in Rule 501 of Regulation D under the Securities Act of 1933. For individuals to be accredited, their net worth must exceed $1,000,000 or their individual income for each of the two most recent years must be in excess of $200,000 (or $300,000 when combined with that person’s spouse).

Will I need to prove my status as an accredited investor?

Yes, interests in LMFI are offered through WealthForge Securities, LLC a broker-dealer registered with FINRA and member SIPC. WealthForge Securitites LLC will take reasonable steps to verify that every investor is accredited.

What is LMFI’s fee structure?

LMFI’s investment manager will charge a 2.5% annual management fee and 20% carried interest.

What is the minimum investment amount?

The minimum investment amount for an individual investor is $75,000.

How do I make the contribution of my capital for my commitment?

Commitments can be made via ACH or wire transfer.

What is the maximum amount being raised by LMFI?

The maximum amount is $25,000,000.

How long will LMFI be available to investors?

The initial offering period for the fund is 90 days.

How long is the investment period?

The investment period will commence from the date of the closing and continue for 30 months, subject to a 6-month extension at the discretion of the investment manager.

What is the term of LMFI?

The term of the fund will be seven years from the date of the closing, subject to two additional one-year extensions at the discretion of the investment manager.

Will investors in LMFI receive audited financial statements?

Yes, a Public Company Accounting Oversight Board (PCAOB) auditor has been engaged to provide investors annual audited financial statements for LMFI.

Does LMFI have a third-party fund administrator?

Yes, third-party fund administrator Assure Services, LLC has been engaged to provide administrative services for LMFI.

Can I invest in LMFI through my IRA?

LMFI is not currently accepting IRA subscriptions due to ERISA limitations.