EP32: The $600M Litigation-Credit Signal — Underwrite the Claim, Not the Headline
Drew and Reese use Aperture Investors’ litigation-credit platform as an education-first case study in underwriting legal receivables. The episode separates claim value from collectible value, maps legal milestones to cash, runs delay cases, and writes a loss map before the next update. Research anchor: https://alternativecreditinvestor.com/2026/08/12/aperture-expands-litigation-credit-platform-beyond-600m/. Additional reading: https://www.nonbillable.co.uk/news/burford-capital-reins-big-bets-law-firm-investment-opportunity and…
The skinny
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