New Ranger directors to begin wind-down process
DOMINIK Dolenec has been named executive chairman of Ranger Direct Lending (RDL), as the investment fund begins the process of winding down.
In an announcement to shareholders, RDL also named Brett Miller as executive director for an interim period “to assist with the day to day management of the fund on its approach to wind down”.
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The fund announced that it would close earlier this year, following weeks of public disputes with shareholders such as Oaktree Capital Management and LIM Advisors.
Dolenec and Miller were both nominated by Oaktree to succeed the outgoing board members, who included former chairman Christopher Waldron.
Read more: Ranger Direct Lending bolsters board to accelerate closure
Miller previously served as an executive director of specialist fund Damille Investments, while Dolenec is a managing partner of London-based advisory firm Emona Capital.
Following the announcement of the fund’s closure, RDL established two new committees of the board, with Miller and Dolenec joining Brendan Hawthorne and Gregory Share on the remuneration and nomination committee; and Dolenec and Hawthorne joining the audit committee.
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