Bloomberg is reporting that beleaguered fund manager, Brendan Ross, has resigned as CEO of Direct Lending Investments; citing a letter that was sent to investors yesterday Brendan resigned as of March 18; the fund had suspended withdrawals after a borrower had defaulted on a loan that accounted for about a quarter of its capital; we now learn that the SEC is investigating the company and a new issue has emerged, that valuations of one of its investments may have been materially overstated. Source.
