Ranger Capital’s Direct Lending Fund has announced a proposed issue of C shares by way of an open offer and initial placing to raise up to £40m. It will also initiate a placing programme of ordinary shares and/or C shares to raise up to £200m. Liberum and Fidante Partners Europe have been appointed as joint bookrunners in connection with the issue. Stone Mountain Capital has been appointed as placing agent. Stone Mountain Capital LTD was covered on 28th November 2016 in Structured Credit Investor (SCI) under 'Fund to issue C shares' (website requires registration).