Chicago-based Kerberos Capital Management has been named as a finalist in the private credit category of the 2021 Industry Innovation Awards by Chief Investment Officer magazine. The recognition by institutional investors is a testament to how far the litigation finance asset class has come.

Kerberos Capital Management has announced the introduction of a groundbreaking new direct lending product to law firms with a margin ratchet linked to ESG targets – the first debt product of its kind in Litigation Finance markets. The program is intended both to recognize and reward firms that have already established a commitment to advancing ESG factors in their work, and to incentivize qualifying firms to continue those efforts into the future.

The Chicago-based funder provides senior secured, recourse loans to law firms that generate success-fee based revenue by litigating mass tort, class action and personal injury claims.