Receivership for Direct Lending Investments, LLC

Receivership for Direct Lending Investments, LLC

Case Number: 19-02188

Central District of California

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

Status Reports

A copy of the Fifteenth Status Report for the period July 1, 2022 through September 30, 2022 can be found HERE

A copy of the Fourteenth Status Report for the period April 1, 2022 through June 30, 2022 can be found HERE

A copy of the Thirteenth Status Report for the period January 1, 2022 through March 31, 2022 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

Locations

  • California
    410 Exchange
    Ste 100
    Irvine, CA 92602
  • Colorado

    8269 E. 23rd Avenue
    Ste 275
    Denver, CO 80238

  • Illinois

    500 Davis Street
    Ste 800
    Evanston, IL 60201

  • New York

    7 Times Square
    16th Floor
    New York, NY 10036

  • OHIO

    4540 Honeywell Court
    Dayton, OH 45424

Head Quarters
California
410 Exchange
Ste 100
Irvine, CA 92602
Colorado

8269 E. 23rd Avenue
Ste 275
Denver, CO 80238

Illinois

500 Davis Street
Ste 800
Evanston, IL 60201

New York

7 Times Square
16th Floor
New York, NY 10036

OHIO

4540 Honeywell Court
Dayton, OH 45424