United States hedge fund Naples Global LLC has teamed up with India’s litigation investor, LegalPay, to launch a $5M fund that will support executives pursuing disputes with their board of directors. The fund aims to level the playing field as first generation founders navigate the perils of entrepreneurship. Naples Global says the new investment in India signals the firm’s approach to expanding international opportunities.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
United States hedge fund Naples Global LLC has teamed up with India’s litigation investor, LegalPay, to launch a $5M fund that will support executives pursuing disputes with their board of directors. The fund aims to level the playing field as first generation founders navigate the perils of entrepreneurship. Naples Global says the new investment in India signals the firm’s approach to expanding international opportunities.
Inc42.com reports that many founders in India find themselves between a rock and a hard place, often saddled with problems related to balancing relationships financially. These relationships can lead to disputes with the board of directors. Naples and LegalPay’s new fund aims to help ease the burdens entrepreneurs face in board dispute situations. The fund will be awarded a percentage of successful litigation proceeds.
Inc42.com says that the fund was organized to meet the needs of the market in India. An uptick of cases between founders and board members prompted Naples Global’s partnership with LegalPay.
