Emerging markets-focused asset manager Gemcorp Capital Management has appointed Alex McKenna as its new global chief operating officer, as the firm accelerates its push into direct lending across developing economies.
McKenna, who spent five years at Neuberger Berman and most recently worked at US credit specialist Muzinich & Co, joins Gemcorp this month. In his new role, he will oversee fundraising initiatives, operational strategy, and the implementation of advanced technology systems to support the firm’s growth, according to founder and CEO Atanas Bostandjiev.
Founded in 2014, London-based Gemcorp is one of the pioneers in private-credit investing in emerging markets, providing loans to corporates and sovereign borrowers. The firm has been active alongside peers such as Gramercy Funds Management, stepping into the financing gap left by traditional banks post-global financial crisis.
Gemcorp is reportedly targeting $2bn for its latest emerging-market private credit fund, reinforcing its focus on high-growth economies.
