Katch Legal Lending Fund (KLLF)

Katch Legal Lending Fund (KLLF) is an open-ended private debt vehicle managed by Katch Invest, domiciled in Luxembourg and launched in 2024. It is structured as a SICAV under the RAIF regime and is classified as Non-ELTIF, with N/A recorded for ELTIF versioning; distribution is pan-European and restricted to professional investors. The vehicle is denominated in GBP and pursues a special situations approach within legal-claim lending, where capital is deployed against the expected resolution of litigation and related receivables rather than against operating cash flows.

Liquidity is governed by the open-ended structure rather than a fixed term, but access is deliberately gated: redemptions are accepted on a semi-annual basis and require notice of 365 days, so investors should treat the dealing calendar as a sequence of pre-announced exits rather than as near-term liquidity. That notice length is long relative to the semi-annual dealing cycle and reflects the duration and binary timing of the underlying claims. Current assets under management are shown as , with the reported direction of travel since launch given by , and the manager's stated return objective is reported as ; each figure is benchmarked against the peer set on this page.

Within the Novantigo coverage universe of 494 funds as of 31 Aug 2026, the fund sits among 148 private debt strategies and 347 Luxembourg-domiciled vehicles, and more narrowly among the 108 funds that combine both. Its exposure by region is set out in , which can be compared directly with that same Luxembourg private debt cohort. Specialist legal lending remains a narrow sub-segment of the special situations peer group, so the comparison set for pricing, concentration and dealing terms is materially smaller than the headline asset-class count implies.