GEMCORP, a financial firm focused on investments in emerging markets, has official launched. The firm has so far raised $500 million from European institutional investors.
GEMCORP, the financial firm focused on investments in emerging markets, is today pleased to announce its official launch. Atanas Bostandjiev, formerly a Partner at Goldman Sachs, and more recently UK and International CEO of VTB Capital, has been joined by group of experienced emerging markets investment professionals at GEMCORP. The firm has so far raised $500 million from European institutional investors with a lock-up period of five years.
The GEMCORP team brings unique investment expertise in Emerging Markets, ranging from origination and execution of transactions to capital deployment and risk management.
Atanas Bostandjiev, Managing Partner at GEMCORP, said: “We want to position ourselves as the access point for institutional investors when it comes to investing in emerging market sovereign and private sectors. We see a significant gap where traditional financial institutions are unable to meet the growing demand from emerging markets clients for flexible and reliable debt or equity financing solutions.
Selim Basak, Managing Partner at GEMCORP, commented: “GEMCORP brings together a group of people with a diverse and complementary range of skills and expertise, but a shared philosophy. Many of us have worked together in previous roles over the last eight years and we have put together this dynamic team with a strong track record and hands-on approach across origination, execution and risk management in emerging markets.”
GEMCORP, which is headquartered in London, will primarily focus on the financial services, natural resources, infrastructure and sovereign sectors. The firm will utilise a flexible and scalable approach when it comes to underwriting transactions using its own Funds and partnering with institutional investors to provide equity, debt or hybrid capital solutions.
GEMCORP currently employs 17 people.
For further details please visit www.gemcorp.net
Notes to editors
GEMCORP is a financial firm investing in debt and private equity as well as providing investment advice with a focus on emerging markets. The firm has capabilities across origination, execution and risk management. It has secured an initial cornerstone investment of $500 million.
About GEMCORP’s management team:
Atanas Bostandjiev: Managing Partner
Atanas is responsible for the overall management of the firm and in particular the origination, execution and risk management of investments. He is a member of the Investment Committee.
He is a former Partner at Goldman Sachs and most recently the UK and International CEO of VTB Capital. Prior to this, he was a Managing Director at Merrill Lynch. He has a BA in Politics, Banking and Finance, George Washington College.
Philip Hamilton: Managing Partner
Phil is primarily focused on the management of relationships with co-investors partners and the execution of transactions. He is a member of the Investment Committee.
In the last decade he has worked at Merrill Lynch, Goldman Sachs and VTB Capital as a Managing Director and has over 25 years of Emerging Markets sell-side and buy-side experience across Asia, Latin America, Eastern Europe and Africa. He holds a BSc in History from Universidad Católica de Chile and studied Economics in the Université de Genève, Switzerland
Selim Basak: Managing Partner
Selim is responsible for the origination and the execution of investments. He is a member of the Investment Committee.
He spent 20 years of his career at Deutsche Bank, BofA Merrill Lynch and Goldman Sachs as Managing Director focusing on Central Eastern Europe, Russia, Turkey, the Middle East and Africa. He holds a BSc in Economics from Wharton School, University of Pennsylvania and a MBA from Booth School of Business, University of Chicago.
Parvoleta Shtereva: Managing Partner
Parvoleta is focused on managing the firm’s investments as well as due diligence and execution. She is a member of the Investment Committee.
She spent most of her career managing credit portfolios for Black River Asset Management and Goldman Sachs. She has 20 years of experience across Eastern Europe, Africa and Middle East. She is a CFA charterholder and holds a BA in European Business Administration from the European Business School – London.
Bojidar Savkov: Partner
Bojidar is responsible for relationships with investors and co-investment partners and is involved in the execution of investments. He is a member of the Investment Committee.
He spent most of his career at Merrill Lynch and Duet Group, a multi-billion asset management firm focused on emerging markets among other strategies. He has a BSc in Management from the University of Manchester Institute of Science and Technology.
Tue Sando: Partner
Tue is responsible for the legal and compliance functions and also focuses on the execution of investments. He is a member of the Investment Committee.
He spent most of his career at Merrill Lynch and the Duet Group, a multi-billion asset management firm focused on emerging markets among other strategies. Previously he was a finance lawyer at Hogan Lovells and Reed Smith. He is a dual-qualified solicitor in English & Wales and Denmark. He holds a Masters of Laws from each of London School of Economics and the University of Copenhagen.
Sarah Walton: Chief Financial Officer
Sarah is the Chief Financial Officer of the firm starting from 1st November 2014.
Sarah is a Chartered Accountant and has spent 14 years at Goldman Sachs in a number of financial reporting and controller roles, including as controller for the European Special Situations Group and most recently in GSAM as Head of US Hedge Fund and Mutual Fund Controllers. In her latest role, she led a team of 40 people responsible for $250 billion of assets under management. She has a BA in International Business and Languages from Heriot-Watt University in Edinburgh.