Last updated on Monday, 30th December 2024.
Overview To date, AxiaFunder has raised £17,358,440 for a range of commercial and portfolio investments.
Figure 1: Cumulative capital raised via AxiaFunder platform by offer type
PORTFOLIO CLAIMS - HOUSING DISREPAIR
AxiaFunder has been funding UK Housing Disrepair (HDR) Litigation Claims since May 2022 - raising £12.02 million to date across 34 separate limited partnership Special Purpose Vehicles (SPVs), funding 4,340 claims.
Figure 2: Cumulative HDR Portfolio Funding by Law Firm
Law Firm 1
The first funded law firm went into administration in July 2024. This law firm was funded via 7 SPVs. Investors will recover their invested capital only.
Law Firm 2
To date, 1,338 claims were funded via 11 SPVs. The net investor returns and IRRs for the first 9 SPVs are shown in Figures 3-4 below. The dots show the investor net gains (Figure 3) and IRRs (Figure 4) by tranche and time of the tranche payment. For example, looking at SPV1 funded in April 2023, the first 10%-tranche had a net investor gain of 8.9% (IRR of 13.6%) in December 2023, 8 months after the Offer launch, followed by returns of 18.6% (IRR of 21.5%), 24.4% (IRR of 23.5%), 27.4% (IRR of 24.8%), 30.7% (IRR of 24.6%) and 40.7% (IRR of 26.4%) from the subsequent tranches paid to investors between March-October 2024.
In total, 32 10%-tranches have been repaid to date, together comprising 445 resolved claims (out of 1,115 claims funded by these 9 SPVs). The average net gain and annualised IRR to investors across the settled claims is 22.6% and 22.2%, respectively. Contractually, claims that settle after a longer period tend to generate a higher return, e.g. the 6th tranche of SPV1 has generated returns of 40.7% (IRR of 26.4%).
Figure 3: Law Firm 2 investor net return by tranche
Figure 4: Law Firm 2 investor IRR by tranche
Law Firm 3
To date, 1,392 claims were funded via 9 SPVs. The net investor returns for the first 3 SPVs are shown in Figures 5-6 below. The dots show the investor net gains (Figure 5) and IRRs (Figure 6) by tranche and time of the tranche payment. For example, looking at SPV1 funded in August 2023, the first 10%-tranche had a net investor gain of 25.0% (IRR of 27.4%) in July 2024, 11 months after the Offer launch, followed by returns of 31.8% (IRR of 29.4%) and 30.2% (IRR of 23.2%) from the subsequent tranches paid to investors between September-November 2024. In total, 5 10%-tranches have been repaid to date, together comprising 97 resolved claims (out of 385 claims funded by these 3 SPVs). The average net gain and IRR to investors across the settled claims is 23.4% and 22.5%, respectively.
Contractually, SPV1 is entitled to receive a share of the law firm’s revenue on each claim regardless of the claim resolution timing. The other SPVs funding this law firm accrue the return daily.
Figure 5: Law Firm 3 investor net return by tranche
Figure 6: Law firm 3 investor IRR by tranche
Law Firm 4
To date, 1,006 claims were funded via 7 SPV. The net investor returns and IRRs for the first 2 SPVs are shown in Figures 7-8 below. The dot shows the investor net gain (Figure 7) and IRR (Figure 8) by tranche and time of the tranche payment. For example, looking at SPV1 funded in December 2023, the first 10%-tranche had a net investor gain of 12.2%% (IRR of 12.4%) in December 2024, 12 months after the Offer launch, followed by returns of undefined from the subsequent tranches paid to investors between December-December 2024.
In total, 2 10%-tranches have been repaid to date, together comprising 54 resolved claims (out of 300 claims funded by these 2 SPV). The average net gain and IRR to investors across the settled claims is 10.6% and 11.5%, respectively. Contractually, claims that settle after a longer period tend to generate a higher return, e.g. the 1 tranche of SPV1 has generated returns of 12.2% (IRR of 12.4%).
Figure 7: Law Firm 4 investor net return by tranche
Figure 8: Law firm 4 investor IRR by tranche
PORTFOLIO CLAIMS - DIESEL EMISSION CLAIMS
Additionally, AxiaFunder raised £1,860,000 for diesel emission claims against different car manufacturers via 4 SPVs. There have been no repayments to investors yet. If all the diesel claims settled today, investors would have a net gain of 145%.