$8.1bn
US$ invested
As of 31.03.2025
Potential unleashed
<p>Institutional portfolios are overexposed to the familiar and underexposed to the essential. As global allocators face shrinking real returns, rising volatility and geopolitical risk, emerging markets present a unique opportunity.</p>
4
Focus strategies
2014
Founded
25+
EM countries invested in
As of 31.03.2025
Our core strategies
Private credit
<p>Our core expertise is in private credit. Our lending is typically senior secured and US dollar denominated. We offer short- and medium-term credit facilities aimed at providing growth capital to companies and governments across emerging markets.</p>
Private equity
<p>We take strategic private equity stakes where we have majority or negative control. We use our industry knowledge and local expertise to unlock value and contribute to the growth of investee companies. We typically target companies with contractual and stable cashflows.</p>
Asset-backed commodity credit
<p>We target a steady and diversified income stream through investment in short duration, hard currency secured credit that facilitates commodities-related supply chains and trade finance.</p>
Liquid markets
<p>We invest across a wide range of public bond, currency, and derivatives markets to create highly liquid public credit strategies and provide hedging strategies, boosting returns and mitigating volatility.</p>
Deep Roots, Unmatched Insight
<p>We have</p>
The structural opportunity in emerging markets
<p>Return on capital is highest where capital is scarcest. In today’s markets, capital flows are still overwhelmingly concentrated in developed markets; emerging markets remain massively underinvested, despite their size and growth. We believe this presents a structural opportunity for mean reversion.</p>
A lifetime of experience
<p>Emerging markets are in our DNA, with our founders hailing from the emerging world. This provides us with unmatched insight into the dynamics of the markets we invest in.</p>
Emerging market private credit offers a winning combination of strong returns, diversification and impact
<p>Parvoleta Shrteva, co-founder, CIO & board member </p>