Experity Ventures Closes $75 Million Rated Revolving Credit Facility
Arranged by Capital One Securities and rated by KBRA
PRESS RELEASE
Conshohocken, PA – July 1, 2024 – Experity Ventures LLC (Experity), a leading, technology-driven specialty finance platform focused on the litigation finance market, is pleased to announce the successful closing of a $75 million rated revolving credit facility with Capital One. The facility, rated investment-grade by Kroll Bond Rating Agency (KBRA), provides Experity with enhanced liquidity to support its continued growth and strategic expansion across its portfolio of businesses.
The new revolving credit facility offers flexible financing to fund ongoing business operations and new originations in the pre-settlement and medical funding sectors.
CEO Comments
“This facility marks another important milestone in Experity’s evolution as a leading platform in litigation finance,” said Ryan Silverman, CEO of Experity Ventures. “Capital One’s support and the investment-grade rating from KBRA reflect both the strength of our business model and the trust we’ve built in the market. With this new credit facility in place, we’re positioned to accelerate growth, expand our reach, and continue delivering value to the clients and partners who rely on us.”
CFO Comments
“The successful closing of this revolving credit facility with Capital One is a significant milestone for Experity, as it strengthens our capital structure and enhances our liquidity,” said Michael Shaw, CFO of Experity Ventures. “This facility provides us with the flexibility to fund new originations and support our ongoing operations, reflecting our strong financial performance. It positions us well to continue executing our growth strategy, while ensuring we can seize new opportunities and create long-term value for our stakeholders.”
Experity’s Growth and Expansion
Since its inception in 2019, Experity Ventures has successfully funded over $500 million to more than 85,000 clients, helping individuals in pending litigation access essential financial resources and healthcare. The company provides pre-settlement funding, medical receivable financing, and other financial services through its various subsidiaries, including Nexify Capital, MedSolve Financial Group, and Thrivest Legal Funding.
As the industry continues to evolve and consolidate, Experity remains focused on maintaining a strong position in the litigation finance market by securing strategic financing and operational partnerships, allowing it to serve a growing client base and meet market demand.
About Capital One Securities
Capital One Securities is the institutional capital markets arm of Capital One Financial Corporation, offering a full suite of investment banking services, including structured finance, debt capital markets, and advisory solutions. With deep sector expertise and a client-focused approach, Capital One Securities provides tailored financing and capital solutions to support the strategic growth initiatives of middle-market and specialty finance companies across the U.S.
About Experity Ventures
Experity Ventures is a leading provider of pre-settlement and medical funding solutions in the litigation finance industry. Through its subsidiaries, including Nexify Capital, Nexify Solutions, MedSolve Financial Group, and Thrivest Legal Funding, Experity offers a range of financing solutions for claimants, healthcare providers, and legal professionals. The company’s platform leverages advanced technology to streamline the funding process, providing clients with financial security and access to healthcare while navigating legal proceedings.
For more information on Experity, please visit www.experityventures.com.