About Genex Capital
Since 2003, Genex Capital has been in the business of buying structured settlement payment rights and other payment receivables, nationwide, and then reassigning these rights to private and institutional investors. With offices in the U.S. and Canada, Genex Capital has transacted over $1.2 Billion since inception, servicing more than 50,000 clients. With the establishment of our in-house servicing company in early 2025 we are now a fully integrated enterprise.
Genex Capital is now the second largest company in our space next to J.G. Wentworth and we are the largest provider of this type of investment product to credit unions nationwide designed to fund their employee benefit programs. We currently service over $500 million in payments after less than a year in in-house servicing. All of these accomplishments are made possible because of Genex's amazing team.
Genex's milestones over the years are listed below.
Our Responsibilities
We are responsible for the overall business and operation of the Fixed Rate Runner™ transfer and sale process. This includes:
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Entering into a sale agreement with existing annuitant to buy each annuity in return for an agreed upon present value cash amount.
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Assigning a Buyer to buy the Payment Receivable at an agreed upon assignment price and corresponding rate of interest.
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Completing the annuity transfer process, including obtaining a transfer court order, strictly in accordance with U.S. state and federal laws.
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Overseeing the transfer due diligence process as set out in the sale and assignment agreement with the existing annuitant and the receivable purchase agreement with the Buyer.
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Safeguarding the Buyer’s funds until transaction closing.
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Closing the investment purchase with the Buyer and providing a Closing Book containing all documents set out in the receivable purchase agreement.
