October 28, 2025
Today, PPM America, Inc. (PPM) is proud to announce the opening of its newest permanent office in downtown Los Angeles, located at 515 S. Figueroa Street. This strategic expansion marks a milestone for the firm, as the location will serve as the central hub for the Emerging Markets team – an accomplished group that officially joined PPM in January 2025. The team was previously based in a temporary office in Pasadena, California.
Co-headed by industry veterans Mark Hughes and Kevin Ritter, the five-person team averages 20 years of investment experience and oversees $1.69B in emerging market assets in both dedicated mandates and multi-asset portfolios as of June 30, 2025. The team currently offers a broad range of strategies including Emerging Markets Diversified, Diversified Constrained, Frontier and Local Currency Supranational that can be customized to meet a client’s objectives.
Additionally, the Los Angeles office further strengthens PPM’s connectivity to West Coast clients and institutional consultants, enabling more agile collaboration and consistent service across time zones. With this move, PPM reinforces its commitment to regional responsiveness, positioning the firm to better serve investors seeking opportunities in dynamic and evolving markets.
PPM America opened a new office in downtown Los Angeles that will serve as the home for its Emerging Markets team (Kevin Ritter, Matthew Graves, Kevin Zhang and Mark Hughes pictured left to right; Marty Boulanger not pictured).
About PPM America
Our mission is to be seen by clients and their advisors as a consistently reliable partner to help them achieve their long-term value goals.
PPM is a US-based institutional asset manager with $83.51 billion in assets under management as of June 30, 2025.* Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We offer our mentality of hard work, straight talk, full transparency and humility. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals.
* 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.
Past performance is no guarantee of future results. There can be no assurance that any particular individual will be involved in the management of any portfolio for any period of time, if at all. Furthermore, there can be no assurance that any PPM professionals presented herein will remain with PPM or that past experience or performance of such professionals serves as an indicator of his or her performance. Forward-looking statements are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed. The opinions and views expressed herein are not intended to be relied upon as a prediction or forecast of actual future events or performance, guarantee of future results, recommendations or advice. Opinions expressed herein are current as of the date indicated and are subject to change without notice.
