Collateralized Loan Obligations

Our private debt capabilities were established in 1991. Embedded within our broader fixed income team, our credit analysts and dedicated private placement team collaborate on both credit and structural points from the onset of every deal. We strive to invest in credits and structures that provide diversification and enhanced covenant protections versus the public investment grade market. Returns are driven by security selection, private premiums and make-whole payments. As a highly-respected market participant, our long-standing network and relationships in the investment community grant us access to the market.

Our CLO DEALS

  • SERVES 1999-5
  • SERVES 2001-6
  • SERVES 2004-1
  • SERVES 2006-1
  • PPM Grayhawk CLO
  • PPM Riviera Loan Fund
  • PPM CLO 2018-1
  • PPM CLO 3
  • PPM CLO 4
  • PPM CLO 5
  • PPM CLO 6
  • PPM CLO 7
13

CLOS IN THE FIRM'S
HISTORY

400
+

UNIQUE LOAN AND
BOND ISSUERS
ACROSS CLOS

$
2.5

BILLION AUM IN CLOS

1999

BANK LOAN TEAM
ESTABLISHED

13

YEARS AVG.
INVESTMENT
EXPERIENCE - CLO
TEAM

93

AVERAGE DIVERSITY
SCORE ACROSS
OUTSTANDING CLOS2

Active CLO Manager Since 1999

BANK LOAN TEAM HISTORY

Timeline of Bank Loan Team History showing team formed in 1995, CLO #1 in 1999, CLO #2 in 2001, CLO #3 in 2004, CLO #4 in 2006, CLO #5 and CLO #6 in 2007, Floating Rate Income Fund on VA Platform in 2011, US Bank Loan Fund domiciled in Korea in 2014, mutual fund offering for institutional investors and CLO #7 in 2018, CLO #8 and CLO #9 in 2019, CLO #10 in 2020, CLO #11 in 2021, CLO #12 in 2022, and CLO #13 in 2024
Pie chart showing breakdown of leveraged credit and CLO assets totaling $7.9 billion split into: $1.3 Billion in Bank Loans, $2.8 Billion in High Yield Debt, $2.5 Billion in PPM CLOs, and $1.3 Billion in Third Party CLOs

Portfolio Managers

EXPERIENCE AND STABILITY

PPM utilizes a team-based approach to manage the assets of the portfolio, working closely to generate ideas and gain greater insight on the macroeconomic environment as they make investment decisions. The portfolio management team is supported by peers on the fixed income team as well as the credit research, structured products, risk management and trading teams. The research performed by credit analysts is among the most important inputs contributing to the portfolio management team’s investment decisions.

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OUR STORY

We have the expertise, reach and resources to provide clients with a diverse set of investment solutions.

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Firm statistics provided above are as of December 31, 2024. (1) All securities sold by a CLO managed by PPM are sold via third party placement agents and are not available for purchase from PPM or its affiliates directly. (2) Average diversity score of PPM’s CLO 2018-1 and CLOs 2-6. Information based on the October 2023 payment date trustee report. For illustrative purposes only.

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