Receivership for Direct Lending Investments, LLC
Receivership for Direct Lending Investments, LLC
Case Number: 19-02188
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 copy of the Claims Order can be found HERE
Dates
Receiver Appointed
April 1, 2019
Deloitte Settlement Opt Out Deadline
September 6, 2022
Court Information
United States District Court
Central District of California
350 West 1st Street
Courtroom 7D
Los Angeles, CA 90012
213.894.1565
Receiver
Bradley D. Sharp
Development Specialists, Inc.
Receivership Entity
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
Deloitte Settlement Documents
Amended Confidential Settlement Agreement and Release
Notice of and Amended Motion for Approval of Deloitte Settlement
Joint Status Conference Statement
Order Granting Deloitte Settlement
Notice of Settlement
Direct Lending Income Fund Opt Out Form
Direct Lending Income Feeder Fund Opt Out Form
Status Reports
A copy of the Nineteenth Status Report for the period July 1, 2023 through September 30, 2023 can be found HERE
A copy of the Eighteenth Status Report for the period April 1, 2023 through June 30, 2023 can be found HERE
A copy of the Seventeenth Status Report for the period January 1, 2023 through March 31, 2023 can be found HERE
Receiver's Report
A copy of the Receiver’s Report Regarding the Investigation of the Receivership Entities’ Business Conduct and Recommendations Regarding Distributions can be found HERE
A copy of the Memorandum of Points and Authorities in Support of Motion of Receiver for Approval of: (1) Distribution Plan; (2) Rising Tide Distribution Methodology with Respect to DLIF Investor Claims; (3) Proposed Interim Distribution; and (4) Notice of Distribution Plan can be found HERE
