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Ranger Direct takes NAV hit

Peer-to-peer lender Ranger Direct Lending (RDL) has been forced to take an $11.7m impairment against the Princeton Alternative Income Fund (PAIF), an investment fund in which it has a 100 per cent equity interest. This follows news that Princeton borrower Argon Credit has filed for bankruptcy.

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By Emma Powell,
19 April 2017

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