PPM America Capital Partners (PPMACP) is a fully integrated private equity platform with more than three decades of institutional investing experience, guided by a core philosophy centered on access, alignment, and disciplined underwriting. The team specializes in primary fund commitments, co-investments, and GP-led secondaries primarily focused on middle market North American buyout and growth equity opportunities, with a consistent track record of disciplined execution across market cycles.
Capabilities
Primary Investments
PPMACP invests in funds sponsored by top-tier general partners in the North American middle market, many of whom the team has backed across multiple fund cycles. Our long-standing relationships provide differentiated access to high-quality, often hard-to-access funds — enabling us to construct diversified portfolios anchored by managers with demonstrated track records of value creation. We apply rigorous manager selection and underwriting discipline to identify sponsors whose strategies, alignment, and operational capabilities meet our institutional standards.
CO-INVESTMENTS
PPMACP maintains a well-established co-investment platform, sourcing opportunities directly through its network of leading middle market sponsors. The team targets industries and transaction types that align with each GP’s areas of demonstrated strength. A structured, bottom-up underwriting approach is complemented by disciplined portfolio construction — deliberately balancing concentration with thoughtful diversification to seek more consistent outcomes.
GP-Led Secondaries
PPMACP’s GP-led secondaries strategy targets high-conviction “trophy assets” through single-asset continuation vehicles. The team sources opportunities through its deep-rooted sponsor relationships developed across its primary and co-investment programs. PPMACP focuses on continuation vehicles underpinned by clear and actionable value creation plans, partnering with high-quality GPs and management teams with strong alignment. Leveraging extensive experience underwriting both sponsors and individual assets, the team applies a consistent and disciplined framework to this growing segment of the market.
BILLION IN AUM
DEDICATED PRIVATE EQUITY PROFESSIONALS
BILLION IN HISTORICALLY COMMITTED ASSETS1
OUR EXPERIENCE:
YEARS AVG. INVESTMENT EXPERIENCE2
YEARS AVG. PPM TENTURE2
FINDING VALUE THROUGH A
DISCIPLINED INVESTMENT APPROACH
We believe our investment approach benefits from the best of both worlds – adaptability and rigor. We use both qualitative and quantitative tools to review our performance and the performance of our general partners in order to inform future decisions. We adapt our selection approach to take advantage of unique opportunities as they arise while also maintaining a rigorous, comprehensive due diligence process and post investment monitoring. We conduct a thorough review of track records, strategies and processes in addition to performing third-party legal and compliance reviews and background checks. This streamlined approach allows us to quickly identify and respond to co-investment and fund opportunities.
Philosophy & Strategy
- Seek to generate top quartile returns through a combination of primary funds and co-investments
- Focus on middle-market and growth opportunities
- Increase allocations to our best general partner relationships that have delivered strong returns while selectively adding new general partners through our disciplined underwriting approach
- Deliver highly customized private equity solutions to our clients
- Provide diversification across vintage year, industry and manager in order to minimize risk
- Collaborative and trusted investment process enables efficient decision making and allows us to be a value-added limited partner and co-investor
- Minimize fee leakage through co-investments
Investment Teams
Our Edge
Across all three strategies, PPMACP’s competitive advantage is rooted in access, experience, and alignment. A seasoned senior investment team provides continuity, institutional knowledge, and trusted GP relationships that translate into differentiated deal flow and informed decision-making.
Investor Relations
Our Insights
Firm statistics provided above are as of March 31, 2026. (1) Co-investment committed assets include limited partner commitments to PPM America co-investment funds I-IX and invested capital in pre-fund deals completed by our parent company. Primary fund committed assets include commitments made by PPM on behalf of clients into primary fund investments. Co-investment and primary committed assets include data since 1991. (2) Average experience of Partners.
