Litigation funding shouldn’t be confined to London, says Executive MBA graduate Jack Bradley-Seddon of Cambridge Judge Business School, so Thaxted Capital provides small-case litigation funding in the North and Midlands areas of England.
An alumnus of the Executive MBA programme of Cambridge Judge Business School, Jack Bradley-Seddon (EMBA 2020) was very familiar with litigation funding in London, having worked there for a big global law firm.
Yet the native of Stockport, Greater Manchester, realised there was a market for something different away from the capital city – so he launched Thaxted Capital, a small-case litigation funder based in Manchester, which has just secured £25 million committed investment and growth funding from private equity institutional investor Sandton Capital Partners.
“The idea of creating Thaxted Capital came from observing the current market for litigation funding, which is largely London-centric and focused on larger deals (£1 million plus in litigation funding). I saw that and thought there was an opportunity to specialise on a niche of cases requiring £1 million or less in litigation funding, and geographically located in the North and the Midlands,” Jack explains.
Litigation funding firms provide capital to litigants to bring their lawsuits and receive a portion of proceeds from the plaintiff.
Matt Meehan Head of Sandton UK said, “The litigation industry is a competitive and evolving sector and we’re excited to be partnering with Jack to bring a differentiated litigation funding opportunity to market.”
The Cambridge EMBA helped shape Thaxted Capital’s idea
Jack, also a graduate of Pembroke College, University of Cambridge, believes that the EMBA programme at Cambridge Judge has been key in shaping Thaxted Capital’s idea.
“There are lots of things demanding time and attention. To combat this, I try to adopt a ‘first things first’ mentality to focus on what is truly important. This was taught to us during the EMBA,” he says.
“I treasured the practical knowledge that comes with the course. But more than that, Cambridge Judge gives you a sense that you can really do it because there are others who have been through the institution who have gone on to make it happen. It gives you a sense that you can do it too and that, in my view, is very powerful.”