Gramercy

Gramercy Funds Management LLC, established in 1998 and headquartered in Greenwich, Connecticut, is an employee-owned hedge fund manager specializing in emerging markets. The firm offers a range of investment solutions, including long-only strategies in public equity and fixed income, as well as alternative investments focused on distressed debt and special situations. Gramercy is recognized for its expertise in navigating the complexities of emerging markets, leveraging its extensive experience and strong local relationships to identify investment opportunities. The firm employs a fundamental analysis and bottom-up stock picking approach to construct its portfolios. With a dedicated research team and a collaborative investment committee, Gramercy aims to deliver superior risk-adjusted returns for a diverse client base that includes pension plans, foundations, endowments, and high net worth investors.

Hamad Almudhaf

Managing Director and Head of International Capital Markets

Ed Beshlian

Partner and Head of ESG

Matthew Christ

Managing Director and Research Analyst

James Conroy

Managing Director and Head of Business Intelligence and Analytics Group

Jason Cook

Managing Director and Head of Europe, Middle East and Africa

Gene Farberov

Managing Director, Head of Cybersecurity and Chief Information Security Officer

Michael Harris

Partner and CTO

Gunter Heiland

Partner and Co-Head of Emerging Markets Debt Group

David Herzberg

Partner, Emerging Markets Distressed Portfolio Manager

Belinda Hill

Managing Director, Portfolio Manager and Member of the Investment Committee

Thomas Humphrey

President and Senior Partner

Ajay Jani

Managing Director of Emerging Markets Liquid Alternatives Portfolio Manager

Robert Michael Joannou

Partner and CFO

Javier Ledesma-Arocena

Partner

Matthew Maloney

Partner, Head of Public Credit and Member of Credit Investment Committee and the Global Research Committee

Philip Meier

Managing Director, Multi-Asset Portfolio Manager, Head of EM Debt and Member of Credit Investment Committee, Global Research Committee and Top-Down View Group

Thomas Norgaard

Managing Director and Director of Latin American Investment Development

Nicholas Paolazzi

Managing Director and Head of Financial Analysis

Ross Rosen

Managing Director and Head of Operations

William Shia

Managing Director and Head of Asian Investments

Christopher Tackney

Managing Director and Trade / Portfolio Manager

Taylor J.D., James P.

Partner, Head of Special Situation and Member of Global Investment Committee

Andrew Williams

Managing Director and Head of Asia and Middle East

Dennis Wilson

Partner and CFO

Jose Cerritelli Ph.D

Managing Director and Head of Global Sovereign Strategy

Tony Tessitore Ph.D

Managing Director and Head of Equities

4 past transactions

Game Jolt

Seed Round in 2021
Game Jolt is a prominent social platform that facilitates the discovery and play of video games, attracting millions of unique monthly visitors. With an extensive library of over 100,000 video games, it has established itself as one of the largest online gaming communities globally. The platform not only allows users to play and download games but also hosts events and mini-games that promote user engagement. Additionally, it serves as a marketplace for digital collectibles, connecting brands and creators with the Gen Z gaming community. Through these features, Game Jolt enables players to interact, compete, and share their gaming experiences with friends and fellow enthusiasts.

Africell Holding

Debt Financing in 2021
Africell was established in 2001 in Africa and has been shaped by traditional African values, putting the communities in their markets at the heart and soul of our business. Connecting and empowering local communities lies at the very core of our strategy. Africell is one of the fastest-growing mobile telecommunications operators in Africa. They have established theirselves as the number one provider in Gambia and Sierra Leone and are rapidly growing our newer operations in Democratic Republic of the Congo (DRC) and Uganda, where we purchased Orange Uganda. Africell Holding owns 100% of Africell’s operations in Gambia, Sierra Leone, DRC, and 98.99% of Africell Uganda. The total number of active subscribers reached 11 million by end of 2016. All four operations offer voice and 3G data services with plans to deploy LTE services, which are already available in Kampala, Uganda.

Credivalores-Crediservicios

Venture Round in 2014
Based in Bogota, Colombia, Credivalores-Crediservicios is a non-banking financial company that provides consumer loans for individuals and small companies. The company also focuses on payroll-deduction loans and consumer lending collected through public utility bills as well as discount of checks and financing of insurance policies to low and middle income individuals. The independent consumer finance company uses its funding received from Gramercy Funds Management to upgrade the company’s entire technology platform combined with various initiatives. Founded in 2003, Credivalores-Crediservicios offers its services to clients in Colombia, Mexico, and the United States.

Banro

Post in 2014
Banro is a Canadian gold mining company that focuses on the exploration, development, and production of mineral properties in the Democratic Republic of the Congo (DRC). The company operates two gold-producing mines: the Twangiza mine, which began production in October 2011 near Bukavu, and the Namoya mine, located in the Maniema province. The Twangiza mine, an oxide operation, currently produces approximately 100,000 ounces of gold annually, with plans to increase production to between 110,000 and 120,000 ounces through plant modifications. In addition to its producing mines, Banro is advancing two gold exploration projects, Lugushwa and Kamituga, both situated in the southwest near Bukavu.
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