Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

by Structured Settlement Watchdog

Novation Capital, a settlement purchaser led by CEO Robin Shapiro,  has not been acquired by York Capital, a New York City hedge fund as an article in Asset Backed Report suggests. 

The trade journal recently reported, inaccurately according to Mr. Shapiro,  that such a deal happened in July 2013 and York had acquired Novation Capital for $15 million.

Actually, the York investment occurred a year ago (August, 2012), not last month. The investor was York's private equity arm, not the so-called hedge fund. The amount invested was $30 million (not $15 million). All the money invested stayed in the Company and has been earmarked to finance growth. Thus, the transaction was not a liquidity event for the original owners  who continue to actively manage and own a significant stake in Novation.

Robin Shapiro is a former president of the National Association of Settlement Purchasers.

 

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