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Peer2Peer Finance News | February 21, 2019

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Ranger Direct

Ranger Direct raises £30m in refinancing as part of fund closure

January 14, 2019 |

RANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.

In connection with this process, the International MCA Platform has refinanced and paid … Read More

Write-offs and legal disputes hit Ranger returns

December 17, 2018 |

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, … Read More

Ranger Direct boosts board expertise to help with fund closure

December 5, 2018 |

RANGER Direct Lending (RDL) has appointed an expert in acquiring and managing commercial finance to its board as part of efforts to wind up the beleaguered fund.

Joe Kenary, who has worked for US commercial lender Capitalsource and asset manager … Read More

Ranger Direct Lending makes cash offer to close ZDP share class

November 29, 2018 |

RANGER Direct Lending (RDL) has made a cash offer to holders of its zero dividend preference (ZDP) share class as part of the wind down of the beleaguered investment trust.

The alternative finance-focused fund – which has been buying back … Read More

Ranger Direct ZDP share class backs new strategy

November 15, 2018 |

RANGER Direct Lending (RDL) has secured backing from the board of its zero-dividend preference (ZDP) share class for its new investment policy ahead of its general meeting on 16 November.

Shareholders are set to vote on the beleaguered fund’s new … Read More

Ranger Direct investment manager brings departure date forward

November 13, 2018 |

RANGER Direct Lending’s (RDL) investment manager has terminated its agreement early to run the alternative finance-focused fund, which is in the process of being wound down.

Ranger Alternative Management, which manages the RDL portfolio, has said it intends to step … Read More

Court backs Ranger Direct’s call for independent trustee in Princeton bankruptcy

November 7, 2018 |

AN INDEPENDENT trustee is set to be appointed to assume management and control of beleaguered Ranger Direct Lending’s (RDL) Princeton holding.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its Princeton holding since last year, initially … Read More

Ranger Direct Lending rejects Princeton bankruptcy resolution

October 23, 2018 |

RANGER Direct Lending (RDL) has rejected an attempt by its Princeton holding to appoint an independent restructuring officer as the dispute between the two fund houses continues.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its … Read More

Refreshed Ranger board to ‘aggressively pursue’ Princeton holding

July 19, 2018 |

THE NEW Ranger Direct Lending (RDL) board has said it will “aggressively pursue” all legal avenues in the investment trust’s ongoing proceedings with its Princeton holding.

RDL has been in a legal dispute over Princeton’s level of exposure to bankrupt lender … Read More

Ranger Direct Lending: What really happened

July 17, 2018 |

AT ITS annual shareholder meeting on 19 June, Ranger Direct Lending (RDL) began the process of winding down its alternative lending fund, just three years after it was launched on the London Stock Exchange.

The previous day, three of the fund’s … Read More