GEMCAST - Where Private and Emerging Markets Meet
Jun 11, 2026 · 25 min · 14 segments
In episode 13 of Gemcast, we are joined be Senior Portfolio Manager Asad Hajiyev and Senior Vice President Shurong Li to discuss how Central Asia is emerging as a destination for private credit, the…
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So let's get started.
What do we mean by central HR? Let's just start with a simple question.
Why are we talking about it today? Why are Gemcorp really interested in this region? Why are we doing deals here? Kick us off, Saad.
It's such a nice opportunity to talk about the region that is, first of all, vast.
Yet, I bet you, if you ask most of the allocators, they will not be able to name three out of five capitals.
Don't put me on the spot, please.
Last year, the GDP growth was just under 7% compared to developed markets of 2% and then the rest of the EM between 4% and 5%.
In addition, given the latest geopolitical changes, the trade routes are being repurposed.
And 20 million people, young workers, are expected to be added to the economy over the next couple of years.
So let's get started.
What do we mean by central HR? Let's just start with a simple question.
Why are we talking about it today? Why are Gemcorp really interested in this region? Why are we doing deals here? Kick us off, Saad.
It's such a nice opportunity to talk about the region that is, first of all, vast.
Yet, I bet you, if you ask most of the allocators, they will not be able to name three out of five capitals.
Don't put me on the spot, please.
Last year, the GDP growth was just under 7% compared to developed markets of 2% and then the rest of the EM between 4% and 5%.
In addition, given the latest geopolitical changes, the trade routes are being repurposed.
And 20 million people, young workers, are expected to be added to the economy over the next couple of years.
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