Private Credit Gold Rush Is Spreading to Emerging Markets

Asset managers are looking to raise new private credit funds aimed at emerging markets to capitalize on an explosion of financing deals in the sector this year.

Ninety One Plc said it’s working to close a $500 million fund in the first quarter of 2026, followed by another one by the end of the year. Gramercy Funds Management has already raised $760 million and is looking to reach $1.5 billion for a new fund, according to people familiar with the matter.