23 Jun 2026
6 minutes
Rising risks are increasingly evident in developed private credit markets. However, the dynamics look very different in less explored jurisdictions.
In emerging markets, an enduring imbalance between supply and demand means experienced investors can still command both an attractive premium and robust downside protections.
In this video, Alper Kilic, Head of Alternative Credit and Matt Christ, Portfolio Manager, share insights into this relatively unexplored asset class and the powerful role it can play in portfolios today. They shed light on the distinctive behaviour and relevance of EM private credit, and the major structural growth drivers it provides access to. A discussion of investment case studies helps bring to life this fast-growing global investment opportunity.
Pressure is building in US private debt as weaker underwriting standards, rising defaults and AI-disruption risks combine to create a perfect storm. In contrast, investors in emerging markets can access asset-heavy borrowers, in deal structures that offer higher senior-secured yields and stronger protections.
Demand for capital is rising among Europe’s mid-sized companies, creating an ample pipeline of deals across a range of sectors. Supportive structural tailwinds remain strong, offering investors a compelling risk/return profile in this increasingly in-focus corner of the private credit market.
Portfolio Manager Matt Christ explains how investments in EM private credit offer both compelling return potential and the chance to make a meaningful contribution to global climate goals.
Matt Christ and Karen Shackleton discuss the relevance of emerging markets for the global transition to net zero.
Ninety One’s PM Kobi Sam recently spent time in the US meeting with allocators and consultants to discuss the dynamics and appeal of investing in Africa. He addresses five most common questions asked during the visit.
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