Tets Ishikawa

Litigation Funder, LionFish Litigation Finance Ltd

Tets started his career as a derivatives structurer and securitisation banker at ABN AMRO, Goldman Sachs and Morgan Stanley. He was subsequently a founding partner of Amias Berman, a fixed income agency brokerage, and has invested in, advised and ran a wide range of businesses across technology, aviation, commercial agriculture, sports and chemicals. He is currently a NED and Adviser to Brickflow, a real estate loan sourcing software company.

Tets was first involved in litigation funding in 2011, raising capital for an impecunious client in a high value claim against a bank. He also advised an ATE insurer (latterly known as Acasta) on litigation funding, culminating in the founding of Sparkle Capital in 2014. Having helped found and establish the business, Tets was hired full-time in 2018 by Acasta to join its senior management team, with day to day responsibility for the ATE business and Sparkle Capital.

In 2020, Tets was hired by RBG Holdings plc to found LionFish as a principal investment business. In 2023, LionFish was acquired by funds managed by Foresight, a £12bn+ AUM private equity business.

Contributed to

5

Litigation funding agreements—adverse costs and security for costs

Practice notes

Restructuring & Insolvency

Litigation funding agreements—control

Practice notes

This Practice Note is one of a series of short Practice Notes, by Tanya Lansky and Tets Ishikawa, Managing Directors of LionFish Litigation Finance Ltd, aiming to provide for those involved in negotiating and considering litigation funding agreements and their associated documents a better understanding of the factors at play. It considers the funder’s involvement in a case and control, more particularly the different approaches to control, the input of solicitors and counsel, and decisions at key stages of the litigation.

Restructuring & Insolvency

Litigation funding agreements—drawdown processes

Practice notes

This Practice Note is one of a series of short Practice Notes, by Tanya Lansky and Tets Ishikawa, Managing Directors of LionFish Litigation Finance Ltd, aiming to provide for those involved in negotiating and considering litigation funding agreements and their associated documents a better understanding of the factors at play. It considers drawdown processes, more particularly the overriding objective, drawdown submissions and timings, submission verifications, the advancement of a significant portion (and at times the entirety) of the committed funding amount or the advancement of monies against verified invoices and good practices for finance teams.

Restructuring & Insolvency

Litigation funding agreements—pricing

Practice notes

This Practice Note is one of a series of short Practice Notes, by Tanya Lansky and Tets Ishikawa, Managing Directors of LionFish Litigation Finance Ltd, aiming to provide for those involved in negotiating and considering litigation funding agreements and their associated documents a better understanding of the factors at play. It considers pricing, more particularly pricing structures, pricing levels, scenario planning and top-ups and multiples pricing on deployed v committed capital.

Restructuring & Insolvency

Litigation funding agreements—representations and warranties

Practice notes

This Practice Note is one of a series of short Practice Notes, by Tanya Lansky and Tets Ishikawa, Managing Directors of LionFish Litigation Finance Ltd, aiming to provide for those involved in negotiating and considering litigation funding agreements (LFA) and their associated documents a better understanding of the factors at play. It considers representations and warranties (R&W) clauses, more particularly the skeleton of R&W clauses, R&W relating to the solicitor, the case, information sharing and the LFA.

Restructuring & Insolvency