Cascade Settlement Services, LLC (“Cascade”), founded in 2008 by seasoned claims fund managers David Levy and John Chilcott, offers corporations and institutional investors who are class members: (1) the option for immediate liquidity by purchasing claim rights, and/or (2) filing services that streamline and manage the complex claims to awards process.
Cascade Settlement Services Fund 1, LLC (“CF1”), structured as a call fund, is initially targeting two of the largest class action cases in history, both poised to certify in the coming months and representing a total potential value of $15 billion in value, as well as an assortment of other diversified commercial and security class action assets.
As detailed in the company’s “Confidential Private Offering Memorandum”, CF1 is offering up to $30,000,000 in preferred interests with a 14% preferred return and 25% of net proceeds. Levy and Chilcott have deployed over $2.8 million to date in claims purchases that have an expected payout of $20 to $25 million, and are contributing the majority of those purchases into the Fund. Projected Fund Investor IRR ranges from 25% to 103%.
Generocity Capital is seeking investors and foundations into the Fund who will designate up to 100% of their profits to hight impact causes or companies of their choice.