REG - Jade Road Investmnts - Investment in Heirloom Litigation Finance

Jade Road InvestmentsAnnouncement

15/11/2023 08:00

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RNS Number : 5284T  Jade Road Investments Limited  15 November 2023

15 November 2023

 

JADE ROAD INVESTMENTS LIMITED

("Jade Road Investments", "JADE" or the "Company")

 

Investment in Heirloom Litigation Finance

 

Jade Road Investments Limited (AIM: JADE), the London quoted company focused
on seeking the best risk-adjusted returns globally, announces a new investment
of $250,000 into Heirloom Litigation Funding 2022 SPV XI ("Heirloom Litigation
Finance").  The investment was made in support of JADE's updated Investment
Policy to invest in attractive, uncorrelated, risk adjusted return
opportunities.

This is the second investment made by JADE under its new Investment Policy
approved in February 2023.  Its first investment, in April 2023, was into an
Alternatives fund which invests primarily in asset-backed and/or
income-producing opportunities such as equipment leasing, agriculture and
infrastructure, and that are highly uncorrelated to the general market.

Heirloom Litigation Finance has issued JADE a 1-year, 14% cash interest debt
note, that is backed by a diversified portfolio of disbursement fundings for
small consumer litigation claims in the UK, all backed by insurance. Interest
is paid quarterly. Unlike many litigation finance opportunities, these claims
fall under established precedents or quasi-governmental compensation programs,
which are expected to increase the chance of success and reduce the length of
time to settlement. The investment is a related party transaction under the
Aim rules for Companies as Heirloom Investment Management LLC is a substantial
shareholder in the Company and Heirloom Litigation Finance is a self-managed
Cayman Islands company wholly owned by Heirloom Holdings. The Directors of the
Company consider, having consulted with WH Ireland Limited, the Company's
nominated adviser, that the terms of the transactions are fair and reasonable
insofar as its shareholders are concerned.

JADE recognizes the importance of genuine diversification in this volatile
market, and how alternative investing can reduce volatility and improve
returns in an investment portfolio.  JADE is pleased to add another
investment that would be difficult for most investors to either access or
diligence, and which aims to provide genuine diversification and risk-adjusted
return enhancement to an investor's portfolio.

 John Croft, the Company's Executive Chairman, commented:

"JADE's investment in Heirloom Litigation Funding 2022 SPV XI continues to
build on our updated Investment Policy and our commitment to providing our
shareholders with a portfolio of investments with solid risk-adjusted global
returns.  With its strong return profile, insurance -backing, short duration
and high coupon, which is paid quarterly, the Heirloom Litigation Finance
investment is another step forward in JADE's on-going transformation."

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 Jade Road Investments Limited           +44 (0) 778 531 5588
 John Croft

 WH Ireland Limited - Nominated Adviser  +44 (0) 20 7220 1666
 James Joyce
 Andrew de Andrade

 Hybridan LLP - Corporate Broker         +44 (0) 203 764 2341
 Claire Noyce

 

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