European Legal Finance Fund

Annualized return3

Term

48 months

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

Status

Closed

Recently funded

Accepting $35,000 - $500,000 investments

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Accepting $35,000 - $500,000 investments

Overview

Important Notes

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

Highlights

Follow on competition claim liability

Potential returns

Diversified offering

Accessibility

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.

Essentials

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

Originator

Who is Bench Walk Advisors?

Cash flow

How do I get paid?

Investments

What type of investments will the Fund make?

Returns & fees

Management fee

Target net return

11-13%

Share of excess profits

80%

Incentive fee

20%

Schedule

Payment schedule

Event based

Term

Date

Initial term

48 months

Possible extensions

Two, 1-year

Structure

Tax document

K-1

Offering structure

SPV

Expenses

Ann'l flat expense

0.25%

Docs

Content

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.

¹ Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

² Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]

³ "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. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. 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.

⁴ Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

⁵ Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

⁶ The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

⁷ Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

⁸ This tool is for informational purposes only. You should not construe any information provided here as investment advice or a recommendation, endorsement or solicitation to buy any securities offered on Yieldstreet. Yieldstreet is not a fiduciary by virtue of any person's use of or access to this tool. The information provided here is of a general nature and does not address the circumstances of any particular individual or entity. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of this information before making any decisions based on such information.

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