Stone Harbor Investment Partners Announces Successful Launch of the Stone Harbor Emerging Markets Corporate Debt Fund

NEW YORK, June 7, 2011 -

- Off Shore Fund Launches With Over $450MM of Institutional Investments -

Stone Harbor Investment Partners LP ("Stone Harbor"), a global
fixed-income investment firm focused on credit risk strategies and asset
allocation and one of the world's leading institutional emerging markets debt
managers, announced today the launch of the Stone Harbor Emerging Markets
Corporate Debt Fund ("The Fund"), a Dublin based, UCITS III fund. The Fund
launches with over $450 million in investments from institutional investors.

The Fund seeks to provide strong long-term returns by investing in a
highly diversified portfolio of emerging markets corporate debt securities.
The Fund will employ a fundamental value-driven investing approach, seeking
to capitalize on the secular trend of improving credit quality and the
significant inefficiencies of emerging markets. The fund will also benefit
from the Stone Harbor team's 20 year history and experience of investing and
trading emerging markets corporate bonds and loans through numerous global
credit cycles.

The Fund underscores Stone Harbor's continued commitment to an
international business strategy, which has resulted in the firm's senior
investment professionals managing over $35 billion in assets for clients
world-wide, as of April 30, 2011.

Commenting on the announcement, Peter Wilby said, "As the emerging
economies continue to grow and mature, we believe that emerging markets
corporate debt provides an extremely attractive investment opportunity. We
have designed the Fund to take full advantage of our significant history and
experience in this asset class and are committed to pursuing superior returns
on our clients' behalf."

About Stone Harbor:

Stone Harbor Investment Partners is a global institutional fixed-income
investment manager, specializing in credit and asset allocation strategies.
The firm manages institutional clients' assets in a range of investment
products: emerging markets debt, high yield, bank loans, as well as
multi-sector products, such as global high yield and core plus type
investing. The firm's investment strategies are based on fundamental
insights, derived from a combination of proprietary research and the in-depth
knowledge and specialized experience of the firm's team. Based in New York,
Stone Harbor employs over 100 people across its headquarters and offices in
London and Singapore. Stone Harbor is an employee-owned partnership and as of
April 30, 2011, the firm has over $35 billion of assets under management.

Jason Post, Teneo Strategy Consulting, +1-212-886-1600