European Legal Finance Fund

Annualized return3


48 months

Per the amended marketing rules adopted by the SEC, some investment details can only be shown to certain logged-in members.


Recently funded

Accepting $35,000 - $500,000 investments

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Accepting $35,000 - $500,000 investments


Important Notes

Please note, that the underlying investments in this Fund are also all featured in Legal Finance Fund III.


Follow on competition claim liability
Potential returns
Diversified offering
Experienced partners
Experienced originator
Experienced Manager
  • Follow on competition claims benefit from regulatory bodies having already determined that the defendants have infringed under competition law. The general establishment of liability results in the lawsuit, and subsequently the investment, focusing on damages and the passthrough defense. Defendants may argue plaintiffs were able to pass the expenses through to their customers, offsetting the damages they themselves suffered.

  • Class, or group collective, action lawsuits allow claimants to “team up” against large corporate defendants and obtain financing collectively. Group collective actions allow for bringing a lawsuit against the defendants on behalf of injured parties collectively, which can result in a material increase in damages. In addition to the possibility of better funder economics, the risk of facing higher damages increases the pressure on defendants to settle.

  • The Fund expects to offer exposure across a variety of legal finance investment types in Western Europe. Increased diversity should help reduce individual case or borrower risk relative to investing in a single lawsuit or law firm loan.

  • The Fund allows investors to invest in legal finance deals at a lower initial investment amount compared to investing in multiple individual legal finance offerings through Yieldstreet. Eligible investors must verify they are “qualified clients”.

  • Funded cases are being brought by leading law firms that specialize in the respective type of litigation. Follow on competition claims are being led by one of the top ranked competition law firms globally.

  • Since being founded in 2017, BWA has funded over 150 cases with commitments fast approaching $400 million. BWA is co-headquartered in the US and the UK with the majority of the employees based in London. The Originator has generated net returns in the double digits on realized investments.

  • Through November 30, 2021, Yieldstreet has committed over $410M across approximately 75 legal finance transactions, 64 of which have matured and repaid investors.


Please refer to the Private Placement Memorandum for more details about this offering.


Who is Bench Walk Advisors?

Cash flow

How do I get paid?


What type of investments will the Fund make?

Returns & fees

Management fee


Target net return


Share of excess profits


Incentive fee



Payment schedule

Event based



Initial term

48 months

Possible extensions

Two, 1-year


Tax document


Offering structure



Ann'l flat expense




This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS BWA LF IV LLC ("Fund"). The Offering is made only by means of the Private Placement Memorandum dated November 5, 2021 relating to the Offering (the "PPM"). The information on this offering page is a summary of the Offering, does not purport to be complete and should not be considered a part of the PPM, or as incorporated in the PPM by reference or as forming the basis of the Offering. No person has been authorized to give any information or to make any representations other than those contained in the PPM or in any marketing or sales literature issued by the Fund or Yieldstreet Management, LLC, as adviser thereto, and referred to in the PPM, and, if given or made, such information or representations must not be relied upon. All investors must read the PPM in its entirety prior to investing in the securities.

Investing in private markets and alternatives, such as this offering, is speculative and involves a risk of loss, and those investors who cannot afford to lose their entire investment should not invest. Returns are not guaranteed.

"Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.