March 12, 2026
PPM America Capital Partners, the private equity arm of PPM America, Inc. (PPM) today announced the promotion of Tiffany Luna to Partner. In this expanded role, Luna will continue to play a key leadership role in sourcing, evaluating and executing private equity investments, as well as managing sponsor relationships and supporting portfolio companies. The promotion reflects her significant contributions to the firm’s private equity platform and consistent delivery of strong investment outcomes for clients.
Luna has 15 years of private equity experience and joins Managing Partner and Head of Private Equity, Champ Raju and Partners, Craig Radis, Mark Staub and Ray Zhang at the forefront of PPM’s $6.4B private equity business. PPM America Capital Partners operates as an integrated platform specializing in primary investments, co-investments and GP-led secondaries with a focus on North American buyout and growth equity investments.
“Tiffany has demonstrated exceptional investment judgment, deep partner relationships and a strong commitment to our clients,” said Champ Raju, Managing Partner and Head of Private Equity. “This promotion recognizes her impact on our private equity business and her leadership within the firm.”
Luna joined PPM in 2011 and holds an MBA from Northwestern University and a BA from Wellesley College. She serves on several Advisory Boards with sponsors and holds numerous Board Observer seats with portfolio companies. In addition, Luna is a member of the Board of Directors for the Cristo Rey Jesuit High School.
About PPM America Capital Partners
PPM America Capital Partners (PPMACP) operates as an integrated private equity platform specializing in primary investments, co-investments, and GP-led secondaries with a focus on North American buyout and growth equity investments. PPMACP combines more than three decades of institutional private equity investing experience with a seasoned investment team, a robust sourcing network and a consistent track record across multiple market cycles, all underpinned by a core philosophy centered on access, alignment, and disciplined underwriting. As of December 31, 2025, PPMACP managed $6.4 billion in assets under management globally with $12.8 billion in historically committed assets.1 PPMACP is the private equity arm of PPM America, Inc., a US-based institutional asset manager with $93.7 billion in assets under management.2 For additional information, please visit www.ppmamerica.com/.
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 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.
