Gemcorp Capital Management has appointed Brad McKee, a senior executive from Oaktree Capital Management, as it ramps up its push into private credit across developing markets, according to a report by Bloomberg.
Based in New York, McKee will serve as senior portfolio manager and head of private credit and will focus on loan origination and contribute regional expertise in Latin America, complementing Gemcorp’s established footprint across Africa, the Middle East, and Central and Eastern Europe.
Founded in 2014 by former Goldman Sachs partner Atanas Bostandjiev, the asset manager is positioning itself to capture growing demand for private credit in emerging economies.
The move comes as a broader group of global investors expands into the space. Firms including Ninety One and Chicago Atlantic have been increasing their focus on direct lending in developing markets, as challenges in the US—such as rising redemptions and concerns over credit quality—prompt a reassessment of opportunities elsewhere.
Gemcorp, which provides financing to both corporates and sovereign entities, has historically concentrated on Africa. However, it sees significant untapped potential across emerging markets more broadly. In a recent report, the firm highlighted that these economies account for roughly half of global GDP but represent less than 10% of the private credit universe.
Prior to joining Oaktree, McKee held senior roles at Gramercy Funds Management, where he served as partner and co-head of emerging markets private credit, as well as positions at JPMorgan Chase and Deutsche Bank.
