Edward Truant

Chief Executive Officer Slingshot Capital

  • Toronto ON

Ed founded the world's first litigation finance fund-of-funds and is an active investor, both personally and professionally.

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Answers

When are bills paid by litigation funders?
Edward Truant

Bills are paid monthly. If monies are required to be paid into court, e.g. payment for security, for costs, or an insurance premium, then those payments are made as they are requested.

If my application for litigation financing is successful, how soon can the funds be available?
Edward Truant

For those funders with access to capital specifically designated for litigation financing, funds are available immediately. In the case of single case funders, they may either raise money on a case-by-case basis or seek approval from their typical funding sources while processing your file. Usually by the time your case has been approved, the funder has obtained the necessary commitments to fund.

How soon before the trial of my case should I approach a funder for litigation financing?
Edward Truant

Realistically, the minimum period before trial should be three months if approaching a funder. However, the more lead time, the better.

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Biography

Edward Truant is the CEO of Slingshot Capital, a resource dedicated to investing in the litigation finance asset class. He was a founder of the world's first commercial litigation finance fund-of-funds and is an active investor, both personally and professionally, in the asset class. His responsibilities included fundraising, deal origination, legal documentation, diligence reviews, tax structuring, financial modelling & analysis, marketing and the administration of the fund.

Previously, Ed was a Partner at Imperial Capital Group and co-led the acquisitions of Ackerman Security Systems and Lise Watier Cosmetiques Inc. among other investments. He also played a key role in the acquisition of Pacific Coast Publishing, LLC, an independent yellow pages publisher, through parent company YPTel, for which he served as the company’s chief financial officer. Ed began his accounting career as an audit and a tax specialist with Coopers & Lybrand, an international public accounting firm, where he articled while obtaining his Chartered Accountant designation in 1993.

Ed graduated with a BCom from the University of Toronto in 1991, and later obtained his Chartered Business Valuator designation in 1997. Serving as a past director of many private companies, Ed is a member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Business Valuators.

Industry Expertise

Legal Services
Financial Services
Business Services

Areas of Expertise

Litigation Funding
Litigation Finance
Finance
Corporate Finance
Mergers & Acquisitions
Investments
Venture Capital
Private Equity
Impact Investing

Education

Canadian Institute of Chartered Business Valuators

CBV

1997

Chartered Professional Accountants of Ontario

CPA

1993

University of Toronto - Victoria University

B.Comm.

Commerce and Economics

1991

Media Appearances

Companies use third-party litigation funding

Law Times News  

2017-07-31

Truant says that for litigation finance to be effective and for it to work as a vehicle to improve access to justice, it needs to be viewed as an asset.

“Litigation is an asset, no different than brand, goodwill or any other intangible, and corporations trade in and value intangibles on a daily basis.”

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Articles

Currency Considerations for Litigation Fund Managers and Investors

Litigation Finance Journal

2020

The recent unprecedented and rapid strengthening in the US dollar, as depicted in the following 6-month graph of the US dollar index (USD as compared to a basket of currencies), created a significant 8% swing in currency rates in a matter of days.

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Commercial Litigation Finance Covid Survey Results

Litigation Finance Journal

2020

Slingshot Capital and Litigation Finance Journal recently undertook a survey of commercial litigation finance participants to obtain a deeper understanding of the extent to which demand for financing had changed as a result of the current Covid-related financial crisis.

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Commercial Litigation Finance: How Big is This Thing?

Litigation Finance Journal

2020

I am often asked about the size of the commercial litigation finance market by individual and institutional investors alike, whether relative to the US market or other large global markets. I often hesitate to answer the question as the answer is dependent on an element of transparency not currently inherent in the industry itself.

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