Unlocking Returns in Uncertain Markets: The Case for EM Private Credit

In this report, Mihai Florian, Senior Portfolio Manager at BlueBay, explores how investors can capture the illiquidity premium in emerging market (EM) private credit amidst macroeconomic and geopolitical uncertainty.

• EM private credit offers an illiquidity premium of 5–9% over liquid alternatives by targeting high-quality, low-leverage corporates.

• Structural inefficiencies—shallow debt markets, overreliance on banks, and capital scarcity—create a strong risk-reward dynamic.

• Volatility and new tariffs have accelerated demand for non-traditional funding, especially in LatAm and CEEMEA regions.

Access the full report and discover how to unlock this premium opportunity.