Northleaf Capital Partners announced that it acted as the sole lead arranger of a $50 million senior secured credit facility and a separate preferred equity investment, the value of which was not disclosed, to support the recapitalization and growth of BridgePoint Financial Services, Inc. (BridgePoint), the leading provider of litigation financing solutions to plaintiffs and lawyers in Canada.

“The Northleaf team was able to understand our business and creatively provide a customized capital structure solution on an expedited timeline,” said John Rossos, Co-Founder of BridgePoint. “Our partnership with Northleaf will allow BridgePoint to accelerate growth and further capitalize on an enormous market opportunity. This investment marks an inflection point for the business and demonstrates to our law firm partners and their clients our financial capacity to offer an expanded range of products and services that our competitors quite simply cannot match.”

“BridgePoint has been the leader in developing Canada’s litigation finance market and has built an outstanding reputation in the process,” said Michael Morris, Director at Northleaf. “We are excited to partner with them to support the company’s continued growth and commitment to serving its customers.”

This transaction highlights Northleaf’s flexible approach to investing in the specialty finance sector. Northleaf has the ability to provide senior debt, hybrid capital and equity capital to support owners of leading specialty finance and financial technology businesses across consumer, commercial and related verticals.