Ranger Specialty Income Strategy
The Ranger Specialty Income strategy primarily invests in loans and other debt instruments offered by a variety of domestic and international lending sources. Portfolio investments may be undertaken in a variety of lending categories, including but without limitation, instruments linked to secured and unsecured consumer loans, secured and unsecured business loans, equipment and supply chain lending, factoring receivables, lending against government programs, auto loans, healthcare loans, real estate loans (commercial and mortgage), wholesale lending, asset backed loans, and other specialty finance opportunities
The strategy intends to implement a material portion of its investment objectives through the investment advisor’s relationships with peer to peer and direct lending platforms that serve as intermediaries between lenders and borrowers. The strategy may acquire its exposure to debt instruments that are offered or originated by a variety of direct lending platforms through different models and structures, driven to a large extent by the industry or asset category which such direct lending platform services.
The investment advisor believes that lending platforms create a larger investment universe which will allow it to be selective with respect to the investment sources it engages and enhance the investment team’s ability to achieve the target returns they seek at an acceptable level of risk.