Gramercy Funds Management is an

investment manager Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified inve ...

dedicated to

emerging market An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or we ...

s. The company’s strategies include multi-asset, private credit, public credit, and special situations.

History

Gramercy was founded in 1998 by Robert Koenigsberger,

Managing Partner A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as " equity partners" ...

and Chief Investment Officer. The firm is headquartered in West Palm Beach, Florida with additional offices in Connecticut, London, Buenos Aires, Mexico City. In 2011, the IRS disallowed hundreds of millions of dollars in tax loss claims for Gramercy clients after ruling investments in Brazilian debt were made with the sole economic purpose of generating tax benefits.

Investment strategy

Since its establishment in 1998, Gramercy has transitioned from a boutique emerging markets debt firm to become a diversified investment adviser. As of July 2023, the company had multiple hedge funds, separately managed accounts, long-only emerging markets debt, alternative credit, special situations, capital lending/private credit in emerging markets and a multi-asset fund. Gramercy’s private assets strategies include private credit solutions, which lends globally and operates dedicated lending platforms in Mexico, Turkey, Peru, Brazil, Colombia, pan-Africa, and special situations. Gramercy also has common shares in Frontera Energy Corporation and Atmos Global Energy. In November 2024, Gramercy reached a $40m settlement with the

Republic of Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

over disputed land bonds. In September 2023, Gramercy Funds provided $552.5m in litigation funding to law firm Pogust Goodhead. It was the largest secured loan ever provided to a UK law firm in the litigation funding market. This deal is expected to make the firm $135 million a year. In November 2024, it was reported that Pogust Goodhead has returned to Gramercy for additional funding.

References

External links

Gramercy Funds Management LLC website
{{Hedge funds , state=collapsed Hedge fund firms in Connecticut Financial services companies established in 1998 Companies based in Greenwich, Connecticut