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 (3)
Areas of Expertise (9)
Mergers & Acquisitions
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 (1)
Companies use third-party litigation funding
Law Times News
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.”
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.
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.
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.
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 there is demand for third-party co-investment capital.
2020 As Covid-19 has taken the planet and the legal community by surprise, I think there are some lessons learned from private equity that can be applied to litigation finance. In short, focus on cash – its collection, generation, distribution and availability.