2nd Jun 2015 07:34
LONDON (Alliance News) - Ranger Direct Lending Fund PLC on Tuesday said it has started the deployment of capital on seven different direct lending platforms.
Ranger Direct, which floated on London's main market in May, raising GBP135 million, said six of the seven platforms, none of which were named, are secured lending opportunities within a range of sub-asset classes, including SME loans, invoice receivables, equipment finance and real estate loans.
The fund was set up to acquire a portfolio of debt obligations, including loans, invoice receivables and asset financing arrangements originated or issued by businesses which are not traditional retail or investment banks.
The company said it is also currently conducting due diligence on other lending platforms with a view to deploying capital to them.
Shares in Ranger Direct were untraded on Tuesday, having last traded at 1,041.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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