The fund’s new board line-up is aiming to quickly and efficiently deliver on the shareholders' overwhelming desire to wind down its portfolio.
Brett Miller has been appointed as a non-executive director of the £219m Ranger Direct Lending investment trust.
Miller currently serves as a non-executive director of a number of listed investment companies and previously served as an executive director of Damille Investments Ltd and Damille Investments II Ltd (both closed end funds listed on the specialist funds segment of the London Stock Exchange).
He started out at London based law firm Nabarro Nathanson in 1993 where he qualified as a solicitor and practiced corporate law until December 1997.
Miller is currently a director of, the Local Shopping REIT, Manchester and London Investment Trust, M & L Property and Assets, M & L Capital Management Global Funds ICAV and EIH.
Alongside the newly appointed MIller, the board has also announced the establishment of two new committees to deliver on the wind-down and realisation of the fund’s existing portfolio, excluding its liturgical quagmire with Princeton direct lending.
This committee will also conduct an in-depth review of service providers and their contractual agreements as well as other corporate matters. This committee is comprised of the new board members Dominik Dolenec, Brendan Hawthorne and Brett Miller.
Secondly, it will liaise with the Investment Manager and act as a point of contact in respect of the Princeton proceedings and the strategic decisions associated with those proceedings. This committee is comprised of just Jonathan Schneider and Gregory Share.
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.