The Litigation Funding Process
Fast Deployment of Capital for Approved Borrowers
Virage Capital Management LP offers a simple, straightforward, and relatively fast litigation funding process. Virage has a target closing of three weeks or less, following the receipt of all due diligence items from potential borrowers.
Virage’s litigation funding process is as follows:
- Conduct initial intake call
- Sign mutual non-disclosure agreement (NDA)
- Submit application for financing, along with supporting documents
- Receive term sheet
- Complete due diligence
- Obtain approval
- Post-closing process
Favorable Terms for Borrowers
The goal at Virage is to offer business-friendly litigation funding solutions to borrowers. As such, Virage generally offers more favorable terms than traditional banks and lenders. With Virage, there are no prepayment fees — ever. Virage also offers flexible repayment waterfalls and a one-time origination fee for the loan amount/new advances, as well as no mandatory debt servicing and no quarterly or annual interim/maintenance fees.
Virage has deployed over $1.1 billion to its borrowers, and it offers funding in amounts starting from $250,000 and up to amounts in the multi-millions. Virage takes into account the “true cost of money,” such as interest rates, access to funds, fees, and other factors when providing funding solutions to borrowers. Through a sustainable business model and numerous loyal borrowers and repeat business, Virage has become a trusted lender in its space.