Lake Avenue Capital, LLC was founded in 2011 for the purpose of securities class action settlement claim purchasing. Lake Avenue enables firms to immediately monetize their securities class action settlement claims. Typically, firms monetize claims due to firm or fund liquidations as a result of closures or return of capital to investors. Lake Avenue conducts in-depth analysis of a fund’s trading history and bids for the right to file and collect on the potential future receivables from securities class action settlements. Based on a proprietary factoring model, Lake Avenue is able to quantify fund’s claims portfolios and offers the fund immediate liquidity in exchange for future settlements payments. Once a transaction is executed, Lake Avenue Capital facilitates the complex claims recovery process over a number of years.
Shane P. Kinahan
Shane Kinahan is the Founder and Managing Partner of Lake Avenue Capital, LLC. Mr. Kinahan has an extensive track record of leadership, product innovation and revenue growth as a veteran of the equity brokerage industry.
Prior to founding Lake Avenue Capital, LLC, Mr. Kinahan worked 6 years at Goldman Sachs in the Equities Division specializing in Electronic Trading/Algorithmic Sales, where he focused primarily on the Goldman Sachs US Hedge Fund client base. Throughout his tenure, Mr. Kinahan directed many of the firm’s electronic trading relationships with hedge funds, buy-side institutions and broker/dealers.
Previously, Mr. Kinahan worked 8 years for NYFIX Inc., where he served as head of buy side sales for the NYFIX Millennium ATS. Throughout his tenure, Mr. Kinahan directed the firm’s key relationships with hedge funds, buy-side institutions, broker/dealers, global exchanges and strategic vendor partners. He managed all aspects of sales, marketing, account management, product development and client on-boarding across asset classes including Equities, Fixed Income, FX, and Exchange Traded Derivatives.
Mr. Kinahan began his career as a private wealth management representative, where he managed trading portfolios for high net worth individuals. Mr. Kinahan holds a B.A. from Bentley University.