GREENWICH, CT, FEBRUARY 19, 2025 – Gramercy Funds Management LLC (“Gramercy”) is pleased to report it has deployed $500 million through its Capital Solutions strategy in Türkiye in more than fifteen private credit transactions since 2018. As the firm continues to identify a strong pipeline in Türkiye, Gramercy expects to reach its next milestone, $1billion in transactions, in the next 24 months.
Gramercy has worked in conjunction with its local servicing platform, Crescent Trade Finance, and its longstanding business network in the country, to focus on direct lending in senior secured and trade finance related deals. Through these partnerships, Gramercy continues to see investment opportunities across key sectors, such as food, energy, steel, chemicals and mining.
“Reaching the $500 million milestone in our Türkiye portfolio illustrates the success of Gramercy’s approach to corporate and trade finance direct lending in emerging markets,” said Gustavo Ferraro, Head of Gramercy Capital Solutions. “Additionally, our local expertise and our carefully structured transactions highlight our ability to manage downside risk, generating excess returns for our investors, while contributing key private capital for Turkish economic growth.”
Gramercy has a commitment to responsible investment that contributes to local ESG efforts and developments, aligning Turkish corporates with international standards. The private credit business in Türkiye remains dedicated to providing essential capital to Turkish counterparties, aiming to make a positive impact on the local economy.
About Gramercy’s Capital Solutions Strategy
Gramercy’s Capital Solutions Strategy has deployed more than $5 billion across nearly 100 private credit investments from its 2018 inception to date. The strategy focuses on secured lending to emerging markets borrowers in Mexico, Brazil, Türkiye and elsewhere. It follows a diversified approach among industries and company types, with senior secured loans and underwriting that has downside protection and collateral value. Typical investments have low LTV ratios and are highly covenanted with strong cash flow control.
About Gramercy Funds Management
Gramercy is a global emerging markets alternatives investment manager with offices in Greenwich, West Palm Beach, London, Buenos Aires, Miami and Mexico City, and dedicated lending platforms in Mexico, Türkiye, Peru, Pan-Africa, Brazil, and Colombia. The $6 billion firm, founded in 1998, seeks to provide investors with a better approach to emerging markets, delivering attractive risk-adjusted returns supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes, including multi-asset, private credit, public credit, and special situations. Gramercy’s mission is to positively impact the well-being of our clients, portfolio investments and team members. Gramercy is a Registered Investment Adviser with the US Securities and Exchange Commission (SEC) and a Signatory of the Principles for Responsible Investment (PRI). Gramercy Ltd, an affiliate, is registered with the UK Financial Conduct Authority (FCA). www.gramercy.com
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