Chicago Atlantic has launched an emerging markets private credit strategy, expanding its investments across high-growth markets in Latin America, Asia, Eastern Europe, the Middle East and Africa.
The alternatives investment manager said the platform, aimed at institutional investors, will focus on senior secured loans, structured credit and asset-backed financing solutions for government-linked companies as well as agencies in emerging economies.
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“Emerging markets present a compelling opportunity for private credit investors,” said Tony Cappell, partner at Chicago Atlantic. “Bank retrenchment, regulatory constraints, and growing demand for non-dilutive capital have created a significant opportunity for experienced private credit managers to deliver attractive risk-adjusted returns while supporting the growth of high-quality businesses.”
Chicago Atlantic said the effort will be led by Peter Marber, who previously headed emerging markets businesses at UBS and HSBC, and Jim Garvey, who was managing director and head of Latin American distressed and illiquid trading at Bank of America Merrill Lynch.
The business will be overseen by Chicago Atlantic partner Scott Gordon, one of the founding members of the emerging markets business at JP Morgan.
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“There’s a structural opportunity in these fast-growing markets, and I’m excited to work with Scott, Jim and others at Chicago Atlantic to expand their private credit offerings,” said Marber.
Chicago Atlantic is an investment firm focused on private credit and opportunistic investments and has deployed more than $3.3bn (£2.5bn) in private loans.
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