Understanding the asset class
Litigation funding as an asset uncorrelated with the markets.
The outcome of a case depends on the evidence, the law, the opposing party’s solvency and the length of the proceedings. It does not depend on the financial markets. That independence sets litigation funding apart as an asset class. It does not remove the risk: a case can be lost.
Hello Justice Capital 1 is offered as a private placement (article L. 411-2 of the French Monetary and Financial Code), from €100,000, once each investor’s eligibility has been verified. The capital invested can be lost, in part or in full.
Where a case outcome comes from.
A case is won or lost on its documents, on the applicable law, on the losing party’s ability to pay and on the time the proceedings take. None of these four factors follows a stock index.
The evidence and the law.
The documents in the case and the applicable law decide the outcome. A fall in equity markets changes nothing in a case, and a rise adds nothing to it.The opposing party’s solvency.
A favourable judgment brings in nothing if the losing party cannot pay. The funder checks that solvency before committing, and it favours disputes against banks, insurers and sound companies. An economic crisis can weaken a debtor, so the lack of correlation is not complete.The length of the proceedings.
A case often lasts two to four years, sometimes longer. Its timetable depends on the courts, on a settlement that shortens it or on an appeal that lengthens it.Diversification.
Each case remains individual, with its own lawyer and its own agreement: losing one does not bring down the others. A reversal of case law can however affect several cases of the same series at once.The risk remains.
An uncorrelated asset remains a risky asset. A case can be lost, a settlement can fall short of what was expected, and the capital invested can be lost, in part or in full.
Third‑party data
Litigation funding as an asset class.
Litigation funding is practised in the United Kingdom, Australia and the United States by listed funders, and market studies measure it. These data are unrelated to the fund’s performance.
$19bn
estimated global market in 2024
SNS Insider, Research Nester, Market Research Future
$51-65bn
projected by 2035
SNS Insider, Research Nester, Market Research Future
0.8%
of the €125bn European legal market accounted for by litigation funding
European Parliament, 2021
Burford Capital, a funder listed in New York and London, funds cases of at least $5m. Hello Justice is dedicated to cases with €100,000 to €1m at stake, and its fund’s first programme to Swiss franc mortgages.
What it requires of an investor.
An investor commits money that will not be needed for ten years, and accepts a possible loss.
The horizon.
Redemptions are locked for ten years. Distributions are paid as cases conclude, as and when they are won or settled.Liquidity.
There is no secondary market for the units, and a transfer must be approved under the articles of association. This investment does not suit you if you may need the money within ten years.Diversification.
The fund finances many cases, each assessed on its own merits, and each case stands alone. How much of your wealth to place in it is a decision for you and your advisers.The risk of loss.
The capital invested can be lost, in part or in full, and nothing guarantees it. Hello Justice Capital 1 was incorporated on 15 July 2025 and does not yet have a distribution history.
Hello Justice Capital 1
How Hello Justice Capital 1 fits in.
Hello Justice Capital 1 is a fund dedicated to litigation funding in France, managed by Hello Justice SAS, the first French company dedicated to mid‑market litigation funding.
- Selected court proceedings
- The fund pays the lawyers’ fees in court proceedings, each selected on its own merits after analysis by a specialised partner lawyer and then by Hello Justice. Its first programme covers Swiss franc mortgages. Not every case is accepted.
- More than 500 live cases
- Hello Justice SAS, the manager, has more than 500 live cases, taken on since 2024, including the Swiss franc loans programme, where each case remains individual.
- A private placement
- Hello Justice Capital 1 is offered as a private placement (article L. 411-2 of the French Monetary and Financial Code), from €100,000, once each investor’s eligibility has been verified. The full documentation, terms and fees included, opens in your space.
- Collective governance
- The members vote on each major dispute (article 10.2 of the articles of association). Distributions first repay the capital, before any share goes to the manager.
Frequently asked questions.
It is an asset whose outcome does not depend on equity or bond markets. Litigation funding is one: the outcome of a case depends on the evidence, the law, the opposing party’s solvency and the length of the proceedings. That guarantees nothing: a case can be lost.
In the United Kingdom, Australia and the United States, listed funders have practised this activity for more than fifteen years. In France, the courts have recognised the validity of litigation funding agreements since 2006, and the Act of 30 April 2025 refers expressly to third‑party funding for group actions. The global market is estimated at $19bn in 2024 and projected at $51bn to $65bn by 2035 (SNS Insider, Research Nester, Market Research Future).
No. The lack of correlation says where the outcome comes from, and nothing about its size. A case can be lost, a losing party may not pay, and the capital invested can be lost, in part or in full. Diversification limits the risk without removing it.
Redemptions are locked for ten years. Distributions are paid as cases conclude. A case often lasts two to four years, sometimes longer, and there is no secondary market for the units.
The fund is offered as a private placement, from €100,000, once each investor’s eligibility has been verified. You create your space with your email address, answer the questionnaire and upload your documents, then the full documentation opens in your space.
Regulatory information
Marketing communication. It is neither a public offer of financial securities nor investment advice.
Hello Justice Capital 1 is offered as a private placement (article L. 411-2 of the French Monetary and Financial Code), from €100,000, once each investor’s eligibility has been verified. Its documentation is provided only after that verification.
The capital invested can be lost, in part or in full. Redemptions are locked for ten years. Distributions are paid as cases conclude. Past performance is no guide to future performance.
Hello Justice is not a law firm and does not provide legal advice. It is neither a credit institution nor an investment services provider.
Hello Justice Capital 1, a French variable‑capital civil company (société civile à capital variable), RCS Créteil 989 268 917, 32 A avenue Pierre Sémard, 94200 Ivry‑sur‑Seine. Manager: Hello Justice SAS, RCS Lyon 931 111 108, 44 quater rue Saint‑Isidore, 69003 Lyon.
Related pages.
The other pages on the fund complement this one.
Alternative investment.
The funder is paid out of the sums recovered, only in the event of success. The outcome depends on the evidence, the law and the opposing party’s solvency.The risks.
Capital loss, duration, liquidity and case law: each risk is set out with the fund’s response.The Hello Justice Capital 1 fund.
Hello Justice Capital 1 funds court proceedings in France. It is offered as a private placement, from €100,000.
Request access to the fund documentation.
An email address is all you need to create your space, with no password. The full documentation, terms and fees included, opens once your eligibility has been verified.