How to Build a Quality Litigation Finance Firm

	B	C	D	E	F	H	I	J	K	L
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9	Scenario 1					Funder A
10		Year 0	Year 1	Year 2	Year 3		Year 0	Year 1	Year 2	Year 3
11	Investment 1	-$5,000,000	$0	$0	$12,500,000	Investment 1	-$5,000,000	$0	$0	$0
12	IRR	35.72%				IRR	$0.00
13	Investment 2	-$5,000,000	$0	$0	$12,500,000	Investment 2	-$5,000,000	$0	$0	$0
14	IRR	35.72%				IRR	0.00%
15	Portfolio	-$10,000,000	$0	$0	$25,000,000	Investment 3	-$5,000,000	$0	$0	$15,000,000
16	IRR	35.72%				IRR	44.22%
17						Investment 4	-$5,000,000	$0	$0	$15,000,000
18	Scenario 2					IRR	44.22%
19		Year 0	Year 1	Year 2	Year 3	Investment 5	-$5,000,000	$0	$0	$15,000,000
20	Investment 1	-$5,000,000	$0	$0	$12,500,000	IRR	44.22%
21	IRR	35.72%
22	Investment 2	-$5,000,000	$0	$0	$0	Portfolio	-$25,000,000	$0	$0	$45,000,000
23	IRR	0.00%				IRR	21.64%
24	Portfolio	-$10,000,000	$0	$0	$12,500,000
25	IRR	7.72%				Funder B
26							Year 0	Year 1	Year 2	Year 3
27						Investment 1	-$5,000,000	$0	$0	$9,000,000
28						IRR	21.64%
29						Investment 2	-$5,000,000	$0	$0	$9,000,000
30						IRR	21.64%
31						Investment 3	-$5,000,000	$0	$0	$9,000,000
32						IRR	21.64%
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34						Portfolio	-$15,000,000	$0	$0	$27,000,000
35						IRR	21.64%
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