Armadillo Litigation Funding LLC

Armadillo Litigation Funding LLC manages private pooled investment funds that provide direct and indirect financing to U.S. and U.K. plaintiff law firms, law‑firm service providers and litigation funding organizations, primarily through secured loans and purchases of claim portfolios. The adviser provides services only to these pooled funds and does not offer individualized advisory services to retail clients.

The firm manages the Funds on a discretionary basis pursuant to each Fund’s offering documents, aiming to blend shorter‑term, lower‑risk lending with longer‑term, higher‑return opportunities and, where appropriate, to deploy leverage or purchase secondary loan interests. Investments are typically secured by contingency or conditional fee interests in mass tort, consumer and commercial litigation, and the strategy may include equity participation features or direct equity investments in alternative business structures for legal services firms; the firm engages external legal and valuation providers for due diligence and ongoing monitoring.

A noteworthy aspect of the firm is its operational linkage to an affiliated law practice that performs due diligence, case evaluation and redaction services for the Funds and is compensated for those services, a relationship the firm discloses as a potential conflict of interest. The Funds have been actively deployed—reporting roughly $622 million invested across 32 loans to 19 borrowers as of year‑end 2025—and the adviser’s use of co‑investment vehicles, side letters and ABS‑equity opportunities distinguishes its offering from many peers who focus solely on lending.