In his role as president, Nemeth will drive the firm’s strategy, lead capital formation and investor engagement activities, and advance business development initiatives across markets, Gemcorp said.
“As Gemcorp continues to expand its platform and strengthen its position across emerging markets, Carey’s experience and leadership will be invaluable in helping us deliver on our long-term strategic ambitions,” said Atanas Bostandjiev, founder and chief executive of Gemcorp.
Before joining Gemcorp, Nemeth was a founding partner at hedge fund Eisler Capital, where he served as chief executive for the Americas. Prior to that, he was a managing director at Goldman Sachs.
Read more: Gemcorp launches structured credit platform with senior hire
“I am delighted to join Gemcorp at such an exciting stage in its evolution,” said Nemeth. “The firm has built a distinctive, market-leading platform across emerging markets – one that aims to deliver strong returns for our investors while driving transformational change in the local economies where we operate.”
Since its inception in 2014, Gemcorp has invested more than $9bn (£6.8bn), with a core focus on emerging market private credit.
In other recent appointments, the manager also promoted Gustavo Eiben to global head of fundraising and business development in April.
Read more: Investors signal appetite for private credit in emerging markets
