Our Story

WE ARE SMALL ENOUGH
TO THINK BIG

PPM’s mission is to be indispensable to our clients. Purpose-built in 1990 as an institutional solutions provider, we manage $83.51 billion in assets under management and have a well-established and proven track record of delivering results to our clients.1

Headquartered in Chicago, PPM embraces the Midwestern mentality of hard work, straight talk and humility. Our success is supported by a team-based culture that encourages debate and collaboration in pursuing new investment opportunities.

We have the experience and resources to provide clients with investment solutions across markets. However, like a smaller shop, we remain nimble, investment-led and responsive to opportunities our teams discover together.

Our Advantage

CLIENTS ARE AT THE CORE OF EVERYTHING WE DO

We are committed to protecting and growing the capital of our global client base. That’s why our team’s compensation is tied to delivering results for clients and achieving tangible investment success.

LONG-TENURED TEAMS AND PROVEN PROCESSES

We bring experience and stability to our clients. Investment professionals average 12 years at PPM with a low turnover rate of 5.8%.2

INVESTMENT-LED ORGANIZATION FOCUSED ON PERFORMANCE

Nearly half our staff is dedicated to finding new investment opportunities. We’re large enough for deal flow and meaningful positions—while remaining small enough to stay competitively nimble.

ESTABLISHED AS AN INSTITUTIONAL SOLUTIONS PROVIDER

We have been working with investors around the world for over 34 years. Our scalable infrastructure allows us to develop and evolve investment solutions for clients.

NETWORK AND ACCESS TO INVESTMENT COMMUNITY

Our investment teams have developed strong relationships over the past 34 years, which can provide access to attractive opportunities for our clients.

 

TEAM-BASED CULTURE

Simply put, we believe that the best ideas can come from anyone and from anywhere in our firm.

Our History

Founded in 1990 to provide investment solutions to our affiliates, PPM has expanded both our client base and investment offerings over time. Our first accounts were insurance mandates, and now include institutional offerings across separate accounts, mutual funds, private investment funds, and structured vehicles.

PPM continues to support our clients’ expanding needs and to seek superior investment results through a consistent investment philosophy rooted in fundamental, bottom-up research and prudent risk management.

(1) As of June 30, 2025. AUM includes committed but unfunded capital for PPM’s private equity and commercial real estate businesses. AUM includes both securities issued by PPM CLO vehicles held by PPM separately managed account clients and the underlying collateral assets of the CLO vehicles managed by PPM. (2) Based on average turnover of Investment Professionals from 2020-2024.

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  • Suite 1200
  • Chicago, IL 60606
  • 312-634-2500
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