Emerging markets: Cordiant Capital presses on with private loans

Cordiant Capital is at the vanguard of private loans, a small but increasingly important investment class in the emerging markets. Sudip Roy reports.


	“Infrastructure needs for the emerging markets over the next 10 years will be more than $21 trillion. Development banks and governments can’t fund it all.” David Creighton, Cordiant Capital

PRIVATE EQUITY IS all the rage in emerging markets but private debt is less fashionable. There are hundreds of private equity funds but there are just two private debt managers investing in emerging markets and 20 globally.

One of the leading private debt players is Cordiant Capital, a Montreal-based company established in 1999.