Direct Lending Investments Suspends Investor Withdrawals

Recently we learned that Direct Lending Investments, one of the largest fund managers in the alternative lending space was suspending withdrawals and redemptions; the news is related to delinquencies of a large holding with a telecom receivables factoring company which represents about 25% of total assets in the fund; Peter Renton, an early investor in the fund digs into the investor letter and shares his perspective on the news. Source