October 05, 2022
A California federal judge granted a $4.65 million award to seven law firms representing individual investors in a settlement that is part of a suit initially lodged by the U.S. Securities and Exchange Commission against Direct Lending Investments LLC over its founder's alleged concealment of overdue loans to inflate the value of the firm's private debt holdings.
August 11, 2020
The founder of Direct Lending Investments was arrested in California on Tuesday on charges of concealing overdue loans to inflate the value of the firm's private debt holdings by $300 million over four years.
March 10, 2020
The U.S. Securities and Exchange Commission signaled its approval of a $5 million loan agreement between adviser Direct Lending Investments LLC and some of its investment vehicles Monday, telling a California federal court that the deal would protect the interests of the parties involved.
March 25, 2019
On the heels of its CEO's resignation, fund manager Direct Lending Investments LLC was hit with a regulatory action on Friday alleging it charged investors for roughly $11 million in fraudulent management and performance fees.