As a result of their first-hand experience realizing value from emerging market distressed investments through debt restructurings at Merrill Lynch, Deutsche Bank and Lehman Brothers, the managing partners were confident they could generate superior absolute returns. Armed with a detailed understanding of global emerging market risk factors and a proven ability to gauge market sentiment, the Firm launched GEMF in April of 1999. For nine years, GEMF has consistently outperformed the emerging market debt and equity markets, as well as all traditional fixed income and equity indices.

Gramercy Emerging Market Fund (GEMF) is primarily a US dollar denominated fund focused on sovereign, quasi-sovereign and corporate emerging market (“EM”) distressed debt and equity securities. The Fund seeks a superior long-term rate of return through proactively managing a portfolio of defaulted, distressed or otherwise opportunistic emerging market investments. Return objectives are achieved through investment selections deemed to have a high probability of superior capital appreciation.

Gramercy Mexico NPL Funds (GMNPLF) focus on investing in portfolios of non-performing loans (“NPL”) being sold by Mexican institutions, comprised mainly of commercial and industrial loans, consumer loans (including credit cards and consumer receivables), mortgage loans and other types of non-performing assets. The first Fund began in July of 2004 and has a four year term. GMNPLF seeks to achieve returns through an aggressive management and collections process that Gramercy administers with the help of a Mexican servicing agent (Pendulum Associates). Gramercy's investment strategy for NPLs is to monetize assets as quickly as possible, such that cash payments at heavily discounted levels are favored over higher recoveries paid out over time or after extremely long court battles. In keeping with its overall investment style, Gramercy takes a hands-on approach to managing the investment and administering loan packages.

Gramercy Global Optimization Fund (GGOF) focuses on closed-end mutual funds trading at a discount to their underlying net asset values (NAV). The Fund uses a proprietary equity optimization model (“the Optimizer”) developed by Dr. Tony Tessitore and team, and driven by Dr. Harry Markowitz’s Nobel Prize winning optimization theories. The Portfolio Optimizer has delivered consistently strong returns for ten years, since its 1997 inception using a mean-variance optimization process to select efficient portfolios of closed-end funds.

Gramercy Argentina Opportunity Fund (GAOF) is a special situation distressed fund created in 2007 to invest in the sovereign debt of Argentina that was not tendered in 2005. We believe that the current political and economic situation in Argentina has created a unique opportunity for Gramercy to apply our opportunistic distressed style. The sole purpose of the fund is to obtain performance as a result of Gramercy’s proactive involvement in reaching a resolution to the untendered debt situation.

Gramercy Emerging Markets Equity Fund (GEMEF) is an indexed product that invests in closed-end equity funds and exchange traded funds trading at a discount to their underlying net asset values using a proprietary optimization model developed by Dr. Harry Markowitz, Nobel Laureate. The fund seeks to consistently outperform the MSCI Total Return Emerging Markets Index using a mean-variance optimization process to select efficient portfolios.

Arco Capital Corporation (Arco) is a specialty finance company/synthetic emerging market bank that invests in performing, high-yield, private equity, structured finance, real estate and infrastructure assets. Arco focuses on emerging markets, primarily in Central and Eastern Europe and Latin America. Arco will seek to invest in a full spectrum of structured finance products for current yield; invest in and develop real estate projects for capital appreciation and cash flow; finance infrastructure projects for appreciation and cash flow and develop steady income streams that are not tied to underlying asset performance.