We are Emerging Markets©

Our Mission is to positively impact the well-being of our clients, portfolio investments and team members.

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About


Gramercy is a dedicated emerging markets investment manager based in Greenwich, CT with offices in London, Buenos Aires and Mexico City, and dedicated lending platforms in Mexico City and Istanbul. The firm, founded in 1998, seeks to provide investors with superior risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, capital solutions, private credit, distressed debt, USD and local currency, sovereign, high yield/corporate debt, and special situations. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with the FCA.

Our Clients


Gramercy is proud that for over 20 years, we have managed assets on behalf of a diverse and sophisticated global client base that includes pension plans, sovereign wealth funds, endowments & foundations, fund of funds, family offices and ultra-high net worth individuals. We pride ourselves on our ability to meet their objectives by delivering tailored investment solutions and world-class client service. 

CLIENT TYPE
CLIENT GEOGRAPHY

As of September 30, 2020

History


Gramercy was founded in 1998 by Robert Koenigsberger, Managing Partner and CIO, to invest in distressed credit opportunities in emerging markets where value could be realized through active involvement and hands on restructurings.

In 2001, Gramercy became registered with the SEC, a pioneering step taken before this became a requirement post Global Financial Crisis.

Our investment team has been dedicated to emerging markets for nearly three decades. We have cultivated deep-rooted, unique, local relationships across the globe that are difficult to replicate, which give Gramercy a distinct advantage.

Gramercy offers a wide range of investment solutions across emerging markets, aligning the risk/reward profile of our strategies with the return and liquidity needs of our investors. Our mission is to provide clients with superior risk-adjusted returns through a comprehensive approach to emerging markets using transparent investment processes, supported by a robust operational and business platform.

Gramercy’s roots are in emerging market debt; however, as the asset class has evolved, so too has our firm. In the infancy of the asset class, emerging markets consisted almost entirely of defaulted debt. Today, the range of investment instruments in emerging markets has expanded to mirror that of developed markets. Gramercy has thoughtfully and deliberately expanded our investment capabilities, keeping pace with the evolution of the asset class and the needs of our investors.

Culture


We strive to maintain a client-oriented culture throughout the organization and to proactively deepen relationships with clients by solving their EM needs and optimizing performance.
Our firm culture is most easily outlined by our Principles:
Integrity

The integrity of the investment process is first and foremost.

Transparency & Responsiveness

Transparency and responsiveness are the foundations of client service.

Solutions

In order to partner with our investors, we endeavor to find solutions that fit their needs and solve their problems.

In order to adhere to and foster these principles, Gramercy maintains a culture of compliance. We have an annual, independent review performed on our internal control system to ensure that the control operating environment is designed appropriately, inclusive of independent testing, to ensure that controls are functioning as designed. 

Impact


Gramercy applies proprietary ESG analysis and publicly available data to evaluate and score investment opportunities from an ESG perspective. When possible, we endeavor to incorporate impact oriented conditions into our investments. Gramercy has an ESG Committee comprised of our CIO, lead portfolio managers, a sovereign research analyst and our ESG Officer. The committee meets on an ad hoc basis to discuss any new initiatives regarding our process and any credits that may warrant special consideration for investment. The emerging markets asset class provides unique opportunities for socially responsible investing and engagement:

  • Allocating capital to those who actively demonstrate their concern for ESG matters
  • Structuring private credit deals to include ESG terms and conditions
  • Investing capital responsibly and growing that capital to make a positive impact on our clients’ ultimate beneficiaries, including pension funds, foundations, and endowments
United Nations Principles for Responsible Investment (“UNPRI”)

Gramercy is a Signatory to the United Nations Principles for Responsible Investment, an international network of investors working together to put the six Principles for Responsible Investment into practice. More information can be found here: www.unpri.org

Giving Back


Gramercy is a proud supporter of Right to Dream. Right to Dream exists to provide talented, underprivileged children from all over West Africa with the opportunity to develop their talent and fulfill their potential. The Academy in Ghana was founded in 2000 and seeks to discover and nurture role models through education, sport and character development. This social enterprise has developed a sustainable talent development model that offers 100% scholarships to children aged 10 and above and provides them with facilities and resources to nurture their talent.

Leadership


Gramercy professionals are based in the U.S., Europe and Latin America. Our Portfolio Managers and Research Analysts come together as one team to discuss and debate top-down perspectives and fundamental bottom-up research. They are backed by a diverse team of  individuals dedicated to running a transparent business platform complemented by world-class independent institutional service providers.

Mohamed A. El-Erian

Chair of gramercy funds management

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Dr. El-Erian is a renowned economist and leader in emerging markets investment and research, having previously held senior roles in investment management and international policymaking. He was on Foreign Policy’s list of Top 100 Global Thinkers for four years in a row. As Chair of Gramercy Funds Management, Dr. El-Erian actively contributes in the following areas: (i) providing the investment team with global, regional and country perspectives on economic, market and geopolitical developments; (ii) offering insights on a range of investment-related matters (in particular, global investment trends and their immediate and longer-term impacts on emerging markets asset classes); (iii) helping to decode economic and policy developments, focusing on their potential emerging markets effects; (iv) macro themes that inform and influence individual trades and; and (v) advising on specific investment issues, including multi-asset allocations.

 

Robert Koenigsberger

Managing Partner, Chief Investment Officer

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Mr. Koenigsberger is Founder, Chief Investment Officer and the Managing Partner of Gramercy. He founded Gramercy in 1998 with a vision for the firm to become a global, institutional investment management firm focused on emerging markets. Mr. Koenigsberger has 33 years of investment experience dedicated to emerging markets with a specialization in distressed opportunistic credit strategies. He is a member of Gramercy’s Management Team and is Co-Chair of the Risk Management Committee.

Scott Seaman

Senior Partner, Chief Operating Officer

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Mr. Seaman has 36 years of business management experience. Mr. Seaman has executive oversight of the firm’s business areas including accounting, operations, legal, risk management, business development and investor relations, technology, human resources and administration. Mr. Seaman is Co-Chair of Gramercy’s Risk Management Committee. Further, he is a member of Gramercy’s Management Team, Valuation Committee and Compliance Committee.

Bradshaw McKee

Partner, Co-Head Capital Solutions & SENIOR GRAMERCY MULTI-ASSET PORTFOLIO MANAGER

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Mr. McKee has over 28 years of distressed and structured credit experience in emerging markets. He co-manages the Capital Solutions effort and is Senior Gramercy Multi-Asset Portfolio Manager. He is a member of the Credit Investment Committee and Capital Solutions Investment Committee, and reports directly to Robert Koenigsberger, Chief Investment Officer. He is also a member of Gramercy’s Management Team.

Gustavo Ferraro

Partner, Co-Head Capital Solutions, Head of LatAm Mkts

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Mr. Ferraro has 34 years of Latin America focused investment banking and capital markets and investment experience. As a partner and co-head of the Capital Solutions business, Mr. Ferraro is responsible for recommending, sourcing and managing capital solutions transactions and direct lending opportunities across the platform. He is a member of the Capital Solutions Investment Committee and reports directly to Robert Koenigsberger, Chief Investment Officer. He is also a member of Gramercy’s Management Team.

James Taylor, JD

Partner, Head of Special Situations

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Mr. Taylor has 17 years of legal, transaction and investment experience. Mr. Taylor is responsible for the management and investment decisions of Gramercy’s Special Situations Group. During his tenure at Gramercy, Mr. Taylor has overseen the management of sovereign and corporate restructurings, financings, acquisitions of private assets, and Gramercy’s participation in positions as a private equity investor. Mr. Taylor also served as Gramercy’s Chief Legal Officer from 2010 through 2018 and was responsible for managing the full spectrum of Gramercy’s legal affairs. Further, he is a member of Gramercy’s Management Team.

Matthew Maloney, CFA

Partner, head of PUBLIC CREDIT

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Mr. Maloney has over 20 years of trading and portfolio management experience in emerging markets. He is Head of Public Credit charged with managing Gramercy’s public credit portfolios. Specifically, he oversees a team that sources and analyzes corporate, sovereign, distressed, high yield and liquid bonds and loans across the platform. Mr. Maloney also manages Gramercy’s centralized trading desk which spans distressed to performing credit and is responsible for the formulation of Gramercy’s dynamic hedging program. He is a member of the Credit Investment Committee and the Global Research Committee. Mr. Maloney reports to Robert Koenigsberger, Chief Investment Officer. He is also a member of Gramercy’s Management Team.

Bob Joannou, CPA

PARTNER, CHIEF FINANCIAL OFFICER

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Mr. Joannou has 18 years of financial management and control experience. As Chief Financial Officer, Mr. Joannou manages all the world-wide accounting and financial reporting obligations of the Firm inclusive of the client funds and Gramercy management company. Such oversight includes daily and monthly analysis and reporting, annual audited financial statements, cash projections and controls, expense management, tax analysis and statements, management dashboards, and special analytical projects as requested by senior management. Mr. Joannou heads the Firm’s SSAE 18 SOC1 Type II compliance team and also assists the CCO and CLO with regulatory compliance. Further, he is a member of Gramercy’s Management Team.

Joe Griffin

MANAGING DIRECTOR, BUSINESS DEVELOPMENT

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Mr. Griffin has 20 years of industry experience. At Gramercy, he focuses on new business development and client service across a diverse set of institutional investors, including pensions, endowments & foundations, insurance companies, private banking platforms, and family offices. He is also a member of Gramercy’s Management Team.

Josh O’Melia, JD

Managing Director, Chief Legal Officer

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Mr. O’Melia has 15 years of legal experience. At Gramercy, he is responsible for managing all aspects of Gramercy’s legal affairs, including new business development initiatives related to fund formation and client on-boarding, legal aspects of public and private portfolio transactions, and risk management. In addition, Mr. O’Melia advises on regulatory and compliance matters, third-party relationship management and documentation, and various strategic initiatives.  Further, he is a member of Gramercy’s Management Team.

Contact Us

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