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Private Equity
greylockcapital.com

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Funds

2

About Greylock Capital Management

The firm is a registered investment adviser that seeks high risk related returns through an event driven strategy of identifying and extracting value from the emerging and/or inefficient markets in Asia, Eastern Europe, Africa, and Latin America.

Greylock Capital Management Headquarter Location

285 Madison Avenue 24th Floor

New York, New York, 10017,

United States

(212)808-1800

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Latest Greylock Capital Management News

Buenos Aires Bondholders Sue Over $7 Billion Debt Logjam -- Update

Mar 23, 2021

03/23/2021 | 04:40pm EDT Message : By Andrew Scurria and Ryan Dube Bondholders filed suit in New York on Tuesday against Argentina's Buenos Aires province after talks broke down over restructuring $7.1 billion in provincial debt as the country's leftist government seeks a larger accommodation with the International Monetary Fund to regain market access. GoldenTree Asset Management LP and other investment firms sought a judgment in the U.S. District Court in New York over the province's failure to make debt payments stretching back to April of last year. Since then, the investors said, Buenos Aires "has chosen to follow a course of confrontation and default with its international bondholders rather than one of negotiation and compromise." "Actions speak louder than words, and it is regrettable that the provincial leadership has chosen to follow a course of confrontation and default," said the investor group. Buenos Aires stands apart from other provinces such as Córdoba, Salta and Entre Ríos that have come to terms with creditors this year. Before the Covid-19 pandemic, Argentina signaled it would seek to restructure its sovereign and municipal debt obligations and reached an agreement in August to restructure $65 billion in sovereign bonds. The Buenos Aires Finance Ministry said Tuesday it had been holding talks with creditors in good faith, but their lawsuit now will make it more difficult to reach a resolution. "It doesn't surprise us because these are tactics that they tend to use to add pressure," the ministry said. "They've taken an uncompromising position, seeking coupon rates that deny the financial relief the province needs and that were provided to the nation." Successive governments have repeatedly driven Argentina into economic crises by overspending, which has led to chronic inflation, devaluation and default. Now, three years into a grinding recession, the economy is in its worst shape in decades, with scant cash and gold reserves to make debt payments. Despite last year's sovereign-debt restructuring, Argentina must still reach a separate deal with the IMF before regaining access to international capital markets. Argentina's economy was in recession before the pandemic, and last year shrank 10%, one of the deepest contractions in the world. The IMF, owed $44 billion, expects the country's economy to grow 4.5% this year. Argentina is unlikely to reach consensus with the multilateral lender before midterm elections in October on thorny issues such as how the country plans to rein in runaway public spending, The Wall Street Journal has reported. Buenos Aires has been in sporadic talks with bondholders and on Sunday, said it wouldn't continue private discussions with GoldenTree, which had signed a nondisclosure agreement. On Monday, GoldenTree said the proposed terms put forth by Buenos Aires "do not come close to reflecting the current payment capacity and economic prospects of the province." Other investors that sued on Tuesday include Greylock Capital Management LLC, Pinehurst Partners LP, San Bernardino County Employees' Retirement Association and Louisiana State Employees' Retirement System. Buenos Aires is Argentina's most populous province. Gov. Axel Kicillof, a leftist member of the country's ruling Peronist party and close ally of Vice President Cristina Kirchner, has in past administrations helped lead expropriations of foreign companies. Although a hub for industry and agriculture, Buenos Aires is also home to myriad social problems, including deep-rooted poverty in neighborhoods that suffer from high crime and lack basic services such as running water. The Finance Ministry said half of the people who live in the province are poor. "Committing ourselves to unsustainable payments has a real impact and will result in a worse situation, which is already extremely fragile," the ministry said about its debt payments. Write to Andrew Scurria at Andrew.Scurria@wsj.com and Ryan Dube at ryan.dube@dowjones.com (END) Dow Jones Newswires

Greylock Capital Management Fund History

2 Fund Histories

Greylock Capital Management has 2 funds, including Greylock Africa Opportunity Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/10/2009

Greylock Africa Opportunity Fund

Mezzanine (Captive)

$80M

1

Greylock Latin America Opportunity Fund

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$99M

10

Closing Date

11/10/2009

Fund

Greylock Africa Opportunity Fund

Greylock Latin America Opportunity Fund

Fund Type

Mezzanine (Captive)

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Status

Amount

$80M

$99M

Sources

1

10

Greylock Capital Management Team

6 Team Members

Greylock Capital Management has 6 team members, including current Chief Executive Officer, Hans Humes.

Name

Work History

Title

Status

Hans Humes

Chief Executive Officer

Current

AJ Mediratta

President

Current

John C Maguire

Chief Operating Officer

Current

Jonathan Prin

Managing Director

Current

Christopher Tackney

Managing Director

Current

Name

Hans Humes

AJ Mediratta

John C Maguire

Jonathan Prin

Christopher Tackney

Work History

Title

Chief Executive Officer

President

Chief Operating Officer

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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