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Our Story

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 $111 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.

As part of one of the world’s leading financial organizations, we have the expertise, reach and resources to provide clients with a diverse set of investment solutions. However, like a smaller shop, we remain nimble and responsive to the opportunities that our teams discover together.

Our Story

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 over 12 years at PPM with a low turnover rate of 5%.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 more than 28 years. Our scalable infrastructure allows us to develop and evolve investment solutions for clients.

  • Network and access to one of the world's leading financial services organizations

    Our UK Parent has 169 years of experience and approximately $905B in assets under management providing PPM with global reach, stability and resources. Through regular sharing with our affiliates, PPM has a direct pulse on the world stage.3

  • Team-based culture

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

Our History

Our history can be traced back more than 169 years to our UK Parent company’s inception in 1848. Our UK Parent and its affiliates have become one of the world’s leading financial services organizations serving over 26 million insurance customers with approximately $905 billion of assets under management.3

PPM was founded in 1990 to manage investments for our affiliates. Our first accounts were insurance mandates, which remain some of our largest accounts today. We place deep emphasis on security-level fundamentals and risk measurement—core disciplines that have remained embedded in our approach as we’ve grown.

Prudence

Our connection to Prudence

The symbol of Prudence has been the face of our UK parent since 1848 when it was part of the first company seal. Prudence dates back further to the writings of classical antiquity, when she was recognized as Prudentia: one of the four cardinal virtues. Today, she is the face of PPM — representing our relentless pursuit of wisdom, knowledge, and insight. She is depicted holding a serpent for wisdom, a mirror for self-revelation, and an arrow for purpose and direction.

1 As of 30 June 2018. Includes assets of PPM Finance Inc. (PPMF), an affiliate that manages assets that are not securities, such as commercial mortgage loans and other real estate investments. As of 30 June 2018, PPMF managed approximately $8.06 billion and PPM managed $103.55 billion. 2 As of 31 December 2017. Based on average turnover from 2013-2017. 3 Our UK Parent and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world. It has been in existence for more than 169 years and has approximately $905 billion in assets under management as of 31 December 2017. The UK Parent is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.