Gramercy Funds Management has hired the former Deutsche Bank co-head of the structured credit platform as a managing director, the firm said on Wednesday.
Bradshaw McKee will become part of the portfolio management team at the emerging market-focused investment manager, according to a statement.
“Gramercy offers a unique platform in today's market to take advantage of the structured credit and distressed space,” McKee said in the statement.
The investment manager declined to comment further.
Gramercy’s addition of McKee comes shortly after its final close in November for the firm’s $1 billion Gramercy Distressed Opportunity Fund III, which targets distressed debt opportunities in emerging markets, as Private Debt Investor previously reported.
The fund’s target was $1 billion and carried a $1.2 billion hard-cap. GDOF III more than tripled the $305 million received for Fund II, which closed in 2013.
Most recently before Gramercy, McKee was the global co-head of emerging markets structured credit trading at Deutsche Bank. There he also worked as a senior trader focusing on Latin America and CEEMEA (Central and Eastern Europe, the Middle East and Africa), where he was responsible for more than $2 billion across distressed and high yield investments, direct lending, and non-performing loans.
McKee had previously served 13 years at JPMorgan in banking and distressed trading roles, working in Buenos Aires, Mexico City, and New York. He earned his MBA from Columbia Business School and BA from Middlebury College.
Robert Koenigsberger, chief investment officer and managing partner at Gramercy, founded the firm in 1998 to focus on distressed investments in global emerging markets.