Parabellum Capital LLC

Parabellum Capital provides discretionary investment management to a family of private pooled vehicles — including Parabellum Partners II, III and IV, affiliated feeder funds, co‑investment vehicles and separately managed accounts — focused on commercial litigation finance investments. As of March 24, 2026 the firm reports approximately $1.94 billion in regulatory assets under management, and its investor base consists of institutional and high‑net‑worth limited partners rather than individual advisory clients.

The firm takes an active, hands‑on approach to sourcing, diligence, structuring and portfolio management of litigation finance exposures, pursuing a broad set of commercial disputes (antitrust, IP, bankruptcy, international arbitration, qui tam and others). Typical investment sizing is disclosed (generally $5 million–$25 million for single matters and $5 million–$50 million for portfolios), and the strategy emphasizes customized structures intended to manage security, priority and timing of returns while seeking low correlation with public markets.

Parabellum’s brochure discloses agreements with third‑party placement agents, states that any marketing fees are borne by the firm (not the funds), requires placement agents to provide prospective investors with the firm’s Form ADV Part 2, and notes that the Chief Compliance Officer will verify compliance with the SEC’s Marketing Rule and its endorsement provisions — an explicit marketing‑compliance disclosure that is less common among peers. The firm also operates multiple feeder and offshore structures, offers co‑investment and SMA programs, and acknowledges use of side‑letters that can grant preferential rights to certain investors, features that may affect investor access and allocation relative to other managers.