Patent Litigation Finance

Capital for
unlocking
patent
value.

Lamington Capital Management invests in patent litigation, licensing, enforcement, and acquisition, generating market-uncorrelated returns for accredited investors.

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Market
Uncorrelated
Alternative Asset Class
Asymmetric
Upside
Damages-Driven Returns
Practitioner
Led
Expert Case Selection
00

The Asset Class

What is IP
litigation finance?

Intellectual property litigation finance is the practice of providing capital to patent owners, inventors, and law firms to fund the costs of enforcement, in exchange for a share of the proceeds if the case succeeds.

1
A patent owner has a strong infringement claim
An inventor or company holds a patent that is being infringed, but lacks the capital to pay for litigation, which can cost millions of dollars to prosecute effectively.
2
The funder underwrites the case
Lamington and its outside counsel conduct rigorous due diligence, reviewing claim charts, technical analyses, validity opinions, and damages models to determine whether the case meets its disciplined investment criteria.
3
Non-recourse capital is deployed
Lamington provides capital to cover legal fees, expert costs, and litigation expenses.
4
Proceeds are shared upon resolution
When the case resolves by settlement, judgment, or license, the proceeds are distributed to investors.
Why It Works
Returns are uncorrelated to markets
Patent case outcomes are driven by the strength of the patent, the conduct of the defendant, and the quality of counsel. They are not driven by interest rates, equity markets, or macroeconomic cycles. This makes IP litigation finance a genuine portfolio diversifier.
The Opportunity
Patent owners need capital to enforce their rights
Patent litigation is expensive. Many valid claims go unenforced simply because rights-holders cannot afford to litigate. Litigation finance closes this gap, enabling meritorious cases to proceed and giving investors access to an asset class historically reserved for large institutions.
Risk Profile
Asymmetric upside, defined downside
Each investment is underwritten to a minimum 10× damages-to-capital ratio, creating strong return potential on winning cases. Losses on any single case are limited to the capital deployed in that matter, and a portfolio of cases diversifies binary outcome risk.
01

Investment Strategy

Three structures.
One focus.

I
Direct Patent Owner Funding
Non-recourse capital provided directly to inventors and other patent owners to cover legal fees, expert costs, and litigation expenses in exchange for a contractually defined share of recoveries.
II
Law Firm Portfolio Financing
Capital commitments to intellectual property litigation firms to fund portfolios of patent cases, enabling firms to expand enforcement practices without increasing their own financial risk.
III
Patent Acquisition & Enforcement
Financing for entities to acquire patent portfolios that wish to monetize through product development, licensing, and/or enforcement campaigns.
02

Investment Criteria

Disciplined
underwriting.

03

Leadership

Built by practitioners,
not generalists.

Daniel Shea
Co-Founder & Head of Investments

A former patent attorney with over seven years of litigation experience, Daniel managed substantial dockets of patent enforcement matters across all phases, from pre-filing investigation and claim construction through trial preparation and expert coordination. He has direct experience working with litigation finance institutions, having performed case diligence and secured funding commitments for successful patent enforcement campaigns. Prior to co-founding Lamington, Daniel transitioned into patent licensing and deal-making, structuring and negotiating licensing agreements, patent acquisitions, and third-party funding arrangements.

JD, Emory University School of Law
BS Mechanical Engineering, University of Florida
Admitted to Practice, State of New York
04

Contact

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