What is a non-traditional financial asset?

A non-traditional financial asset arises from a client's involvement, voluntary or involuntary, in a court or administrative proceeding that must be resolved before any payment is received. They come in many shapes and sizes: a recovery from an antitrust or class action settlement, a litigation claim still in the courts, a claim against a bankrupt counterparty, an insurance recovery held up in dispute.

In practice, these are trapped legal and financial assets. A legal team may not even be aware it holds a claim, finance does not carry it as an asset, and the path to realizing its value can stretch on for years.

What defines them

Uncertain RecoveryThe amount ultimately recovered is a fraction of the face value, and hard to predict.
Uncertain Timing ProfilePayouts are measured in years, and appeals or disputes can reset the clock.
Process DrivenValue is tied to a court or administrative proceeding that must resolve before any payment.
Resource IntensiveTracking and pursuing the claim pulls on legal and finance for the duration.
Less Marketable / IlliquidThere is rarely an obvious buyer, so value stays locked until the process ends.
Idiosyncratic RisksEach claim carries one-of-a-kind risks that sit outside conventional asset classes.
What We Do

Greater certainty for highly uncertain assets

Haybeach acquires antitrust claims, litigation recoveries, and related assets, using our own capital to unlock immediate value from claims whose timing and ultimate value are tied to a legal or administrative process.

The problem

They live between legal and finance

These claims hold real value, yet they sit between the legal department and the balance sheet with no clear owner. Legal manages them as matters rather than assets, and the path to realizing their value remains uncertain for years.

Our role

A defined payment at closing

When Haybeach acquires a claim, the seller receives a defined payment, with no ongoing litigation involvement, no continued outside counsel fees, and no recovery timeline to manage.

Claims We Monetize

Class Action Claims

Antitrust, mass tort, consumer, and securities claims, pre- and post-settlement.

Opt-Out Litigation Rights

Recovery rights resulting from opt-out claims in class and group actions.

Litigation-Based Assets

Recovery rights whose value is driven by the outcome of litigation or other legal processes.

Bespoke Financings

Financing and factoring of judgments, receivables, and other unconventional payment streams.

Claims in Frauds & Ponzi Schemes

Fixed, immediate recoveries for investors, LPs, and noteholders in bankruptcies and receiverships.

Insolvency Claims & Trade Payables

Claims throughout the capital structure: secured, priority, and unsecured.

Government Refunds & Receivables

Financing or purchase of future proceeds on government receivables and refunds.

Insurance Claims

Subrogation and other insurance claims that remain unpaid by an insurer due to a dispute.

Miscellaneous Remnant Assets

Unknown or uncertain assets held by a liquidating estate or company in a wind-down process.

Mass Tort / Personal Injury Portfolios

Acquisition or financing of pools of recoveries from mass tort and personal injury litigation.

Why Monetize

The benefits of monetizing

Cash

Unlock immediate cash and working capital through a monetization transaction. Your leadership may have better use for that capital now.

Certainty

Gain certainty on the amount and timing of recovery, so you can better manage financial decisions and the allocation of internal resources.

Cost-Effective

A cost-effective capital alternative, and a prudent option relative to other forms of financing.

Alignment of Interests

For those who want to retain potential upside, we structure transactions as true partners, aligning interests while maximizing recoveries.

Limited Resources

These claims are resource intensive. Legal teams focused on everyday operations rarely have the bandwidth to monitor intangible assets like these.

Savings

Litigation is costly. Partnering with the right organization can be a cost-efficient alternative to pursuing recoveries on your own.