From conviction to capital

<div class="grid grid--33-66-col"><div class="col"><img loading="lazy" src="/getContentAsset/ec7b6482-68e6-4583-b158-b380103b3a01/cb87803a-320c-480f-ab75-7b9029eaaf79/Felipe-Berliner-1_1.jpg?language=en" alt="Felipe Berliner 1_1" title="FELIPE BERLNER 1_1" style="width: 180px" class="fr-fic fr-dib fr-fil"></div><span style="font-size: 12px"><div class="col"><strong>Felipe Berliner<br></strong>CO-FOUNDER &amp;<strong data-renderer-mark="true">&nbsp;</strong>HEAD OF STRUCTURING<br><br><p>Felipe Berliner is a Co-founder and the Head of Structuring at Gemcorp Capital, where he leads the firm’s investment structuring and execution.<br><br>Prior to co-founding Gemcorp in 2014, Felipe spent most of his career at Merrill Lynch and Goldman Sachs within the emerging markets structuring team. He was also a director at VTB Capital, working on financing companies, financial institutions and sovereigns across Sub-Saharan Africa, Latin America, Eastern Europe and Asia. Before his banking career, he worked as a capital markets, M&amp;A and project finance lawyer in Brazil.<br><br>Felipe holds a Law degree from Universidade Candido Mendes in Brazil and an MBA from INSEAD in France.</p></div></span></div><hr><p data-pasted="true">This is our second investor study, drawing on the views of 250 investment decision-makers across 22 countries.&nbsp;</p><p>The majority of respondents expect emerging market private credit to outperform its developed market equivalent over the next five years. More are planning to increase allocations to EM than to any other region. Many expect the asset class to deliver stronger diversification benefits and superior risk-adjusted returns.</p><p>These views reflect what we believe is a shift in how sophisticated allocators are thinking about geography, diversification and risk.</p>