Entity Tied to the Same Hedge Fund Backs Six Patentholders

A set of security interests recorded with the USPTO and recently made public indicate that a group of patentholders, five of which have already launched litigation and the sixth of which RPX previously noted appears poised to file suit, have all done so (or apparently plan to do so) with the same backing. Each document notes that “[r]eference is made to that certain funding agreement, dated as of February 27, 2025, among Grantor, Security Holder and certain other parties (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the ‘Security Agreement’)”, with the same backer taking a security interest in collateral defined in that Security Agreement and including each Grantor’s enumerated patent assets.