Located in Bethesda, Maryland, Stone Street Capital is one of the older players in the structured settlement funding industry, having started up its operations in 1989.
Stone Street Capital buys payment streams from court awards and lawsuit settlements, annuity payments, and lottery and casino prizes. In addition to direct servicing of individuals receiving structured settlement payments, Stone Street solicits business from and through insurance agents, financial planners and brokers. Stone Street Capital also offers litigation cash advance arrangements on pending lawsuit awards, a service for which it charges clients an interest rate of 25% per year contingent upon a favorable judgment (if the client loses the case, Stone Street takes the loss, however).
The current president and CEO of Stone Street Capital is Adam Shapiro, who has been in his position at the company for 15 years. Since 2007, the company has been owned by New World, a financial conglomerate based out of Long Island.
Stone Street Capital reports having done $2.5 billion in funding for its clients since opening its doors.