On April 1, 2019, Bradley D. Sharp of Development Specialists, Inc. was appointed to serve as the Permanent Receiver for the estate of Direct Lending Investments, LLC, Direct Lending Income Fund, L.P., Direct Lending Income Feeder Fund, Ltd., DLI Capital, Inc., DLI Lending Agent, LLC and DLI Assets Bravo LLC (collectively “DLI”) by the United States District Court in the Central District of California. The Receiver has taken custody of all assets and records and is working to evaluate and maximize assets for investors, creditors, employees and parties who have an interest in DLI.
A copy of the complaint filed by the Securities and Exchange Commission on March 22, 2019 can be found HERE.
A copy of the Preliminary Injunction Order and Order Appointing Permanent Receiver can be found HERE
A Status Conference is scheduled for April 15, 2019 at 1:30 p.m. in First Street Courthouse, 350 West 1st Street, Courtroom 7D, Los Angeles, California.
United States District Court
Central District of California
350 West 1st Street
Los Angeles, CA 90012
Bradley D. Sharp
Development Specialists, Inc.
Direct Lending Investments, LLC
Direct Lending Income Fund, L.P.
Direct Lending Income Feeder Fund, Ltd.
DLI Capital, Inc.
DLI Lending Agent, LLC
DLI Assets Bravo, LLC
and their successors, subsidiaries
and affiliated entities
A copy of the First Status Report for the period of April 1, 2019 through April 9, 2019 can be found HERE
A copy of the Second Status Report for the period April 10, 2019 through June 24, 2019 can be found HERE
A copy of the Third Status Report for the period June 25, 2019 through October 18, 2019 can be found HERE