EM Private Credit: Another Arrow in the EM Quiver

August 13, 2026

We do not view EM private credit as simply developed market private credit with a higher coupon. Rather, we believe it requires EM-specific judgment, in addition to corporate, industry and structure analysis. For certain investors, it can be a complement to an EM allocation by expanding the opportunity set, providing potential income opportunities and adding diversification across countries, sectors and structures. In a world where investors continue to seek resilient income and differentiated sources of return, we think EM private credit merits a place in the conversation.

Unless otherwise stated, the information presented has been prepared from market observations and other sources believed in good faith to be reliable. Information and opinions expressed by PPM are current as of the date indicated and are subject to change without notice. Forward-looking statements are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed.

Past performance is no guarantee of future results. Investments involve varying degrees of risk and may lose value.

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