http://www.Pre-SettlementFunding.com is Pre Settlement Funding New York the right way.
NEW YORK (PRWEB) March 19, 2018
http://www.Pre-SettlementFunding.com (PSF) announced today that it has engaged Castle Placement as its exclusive placement agent to raise $20 million of capital to fund personal injury litigation.
PSF was founded by Thomas Russo, Esq., who has over twenty years of personal injury litigation experience. Under his leadership, PSF has used its strong sourcing, underwriting, and servicing capabilities, to originate, collect lawsuit qualifications, and pre-underwrite over $20 million of opportunities for the industry’s largest funding companies since 2011. Litigation funding enables plaintiffs who could otherwise not afford the costs of a lawsuit to seek damages from personal injuries. Funding is provided non-recourse to the plaintiffs.
PSF is seeking to transform its existing pre-settlement funding broker model to pursue as principal the most suitable and qualified requests for funding, rather than selling those plaintiff lawsuit cash advance purchase opportunities on the open market. Mr. Russo and his partner James Vivelo, who will oversee operations to ensure high performance and profitability, lead a management team with extensive experience in personal injury litigation and finance.
Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform – including artificial intelligence/machine learning – match great companies with global institutional investors. Castle Placement’s proprietary app, CPGO, connects companies with investors in real time. It has over 64,500 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.
Contact: Richard Luftig. (212) 418-1181. rluftig(at)castleplacement.com.