Articles from PPM America, Inc.

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 support of its clients’ investment objectives.

PPM America, Inc. (PPM) is proud to announce its recognition as one of the “Best Places to Work in Money Management” by Pensions & Investments for 2025. This marks the sixth time PPM has received this prestigious honor, a testament to the firm’s ongoing commitment to an engaged and supportive workplace. For the results announced yesterday, PPM was one of 43 companies to be selected in the 100 to 499 employee category, as well as one of 105 companies recognized in the industry overall.

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.

PPM America, Inc. (PPM) today announced the closing of PPM CLO 8 Ltd. (CLO 8). CLO 8 has a deal size of $400M (by reinvestment target par value) and was executed with 16 unique institutional investors. It is PPM’s eighth CLO closed since the firm re-entered the CLO market in 2018, and the 14th CLO closed in the firm’s history.

PPM America, Inc. (PPM) today announced the addition of a seasoned emerging market (EM) debt team from Western Asset Management. The team includes Mark Hughes, senior managing director, portfolio manager and co-head of EM debt, Kevin Ritter, senior managing director, portfolio manager and co-head of EM debt, Matthew Graves, managing director and portfolio manager/analyst and Kevin Zhang, vice president and analyst.

For the third time in a row and the fifth time in our history, PPM America, Inc. (PPM) has been recognized as one of the Best Places to Work in Money Management by Pensions & Investments. This distinction is based upon the combined results of an employee survey to measure the employee experience and an evaluation of each nominated company's workplace policies, practices, philosophy, systems and demographics. For the 2024 results announced yesterday, PPM was one of 45 companies to be selected in the 100 to 499 employee category, as well as one of 113 companies recognized in the industry overall.

On November 12th, PPM America, Inc. (PPM) announced the closing and liquidation of its remaining two mutual funds, the PPM Core Plus Fixed Income Fund (PKPIX) and the PPM High Yield Core Fund (PKHIX) which consisted solely of internal and seed capital investors. This action will complete the firm’s liquidation of the PPM Funds platform, as the firm focuses on delivery of its investment strategies through other commingled products.

PPM America Capital Partners (PPMACP), the private equity arm of PPM America, Inc. (PPM), is pleased to announce the hiring of Bhumika Gashti, CFA, as Senior Managing Director, Investor Relations. Gashti’s primary focus is leading all aspects of existing client relationships and fundraising efforts in support of PPMACP. Gashti reports to Champ Raju, Managing Partner, Head of Private Equity.

PPM America, Inc. (PPM) today announced the closing of PPM CLO 7 Ltd. (CLO 7). CLO 7 has 16 unique investors, seven of which are new to PPM, and a deal size of $401M. It is PPM’s seventh CLO closed since the firm re-entered the CLO market in 2018, and the thirteenth CLO closed in the firm’s history.

PPM America, Inc. (PPM) today announced the hiring of Jamison Gagnier to its Global Distribution team as a Senior Managing Director. Gagnier is a seasoned industry professional with over 25 years of experience, most recently serving as a Principal on PGIM’s Institutional Client Advisor team. In that role, he was responsible for building and maintaining institutional relationships across the corporate, endowment and foundation channels in the western US and Canada. Prior to PGIM, Gagnier worked on a variety of institutional sales teams at Janus Henderson Investors, AXA Investment Managers, Hermes Fund Managers and Loomis, Sayles & Company.

PPM America, Inc.’s (PPM) private equity arm, PPM America Capital Partners (PPMACP) today announced the final closing (December 31, 2023) of its eighth co-investment fund, PPM America Private Equity Fund VIII LP (together with its parallel fund, referred to herein as Fund VIII), a vintage 2021 fund. The final close amount of $660 million is PPMACP’s largest to-date, surpassing its previous fund which closed in 2018.

PPM America, Inc. (PPM) is pleased to announce the addition of Bob Meikleham to the Global Distribution team as Managing Director, Insurance. Meikleham comes to PPM from DWS, where he was responsible for the sale and distribution of their alternative and traditional investment solutions to insurance clients and prospects. His previous positions also include Vice President, US Institutional Business Development at Unigestion and various sales roles at Columbia Threadneedle Investments.

For the fourth time, PPM America, Inc. (PPM) has been named one of the Best Places to Work in Money Management by Pensions & Investments. This distinction is based upon the combined results of an employee survey to measure the employee experience and an evaluation of each nominated company's workplace policies, practices, philosophy, systems and demographics. For the 2023 results announced today, PPM was one of 48 companies to be selected in the 100 to 499 employee category, as well as one of 123 companies recognized in the industry overall.

PPM America, Inc. (PPM) today announced the continued expansion of its Global Distribution team with the addition of Greg Balewicz as a Senior Managing Director. Balewicz is a 25-year industry veteran, most recently serving as Director, US Institutional at Lord Abbett & Co. where he was responsible for the sales, distribution and relationship management of traditional equity and fixed income strategies to public fund plan sponsors across the US. Prior to Lord Abbett, Balewicz spent 17 years at State Street Global Advisors in various roles, primarily focused on institutional sales.

PPM America, Inc. (PPM) announces the recent additions of Jeff Seaver as the new Head of Global Distribution and Laura Beckner as Head of Consultant Relations, a newly created role. Seaver has more than three decades of institutional sales and service experience, most recently with Western Asset Management. Beckner is a 25-year industry veteran who joins from Loomis, Sayles & Company.

PPM America, Inc. (PPM) is excited to announce that Ogechi Nwachukwu is transitioning from Head of Fixed Income Research to the newly formed position of Deputy Chief Investment Officer. In this role, he is responsible for ensuring the continuity of the investment practices that have driven PPM’s performance results. Ogechi joined the firm as an analyst in 2001, and his success in that role lead to his promotion to Head of Credit Research in 2018. Overall, he has 26 years of investment experience.

PPM America, Inc. (PPM) is pleased to announce that Melissa Binder, a managing director on the distribution team, was elected as President of Women Investment Professionals (WIP) effective July 1, 2023. Melissa has been a member of WIP since the beginning of her investment career in 2006. After joining PPM in 2017, she became active on the Events Committee at WIP and was named WIP Treasurer in 2019. Melissa earned a master’s degree in economics, finance, and accounting from the University of Chicago and a bachelor’s degree in finance from the University of Illinois. She is also a CFA® charterholder.

PPM America, Inc. (PPM) today announced the closing of PPM CLO 6 Ltd. (CLO 6), a $300 million CLO. This is PPM’s sixth CLO since the firm re-entered the CLO market in 2018, and the twelfth CLO in the firm’s history. CLO 6 is managed by a PPM subsidiary, PPM Loan Management Company 2, LLC, a registered investment adviser.

PPM America, Inc. (PPM) has once again earned the distinction of being ranked as one of the Best Places to Work in Money Management in 2022 by Pensions & Investments. This recognition is based upon the combined results of an employee survey to measure the employee experience and an evaluation of each nominated company's workplace policies, practices, philosophy, systems and demographics. PPM was one of 43 companies to be selected in the 100 to 499 employee category, as well as one of 121 companies recognized in the industry overall.

PPM America, Inc. (“PPM”) today welcomes Melissa FitzGerald as the new Vice President, Private Equity Investor Relations in the firm’s Business Development and Client Relationship Management Team. With 13 years in the investment services industry, Melissa joins the Chicago office from UBS where she was a client relationship manager for the institutional asset management business. Melissa’s role will primarily focus on leading all aspects of client relations in support of PPM America Capital Partners (“PPMACP”), the private equity arm of PPM, as well as other parts of PPM’s alternative asset classes including real estate and private credit.

PPM America, Inc. (PPM) today announced the closing of PPM CLO 5 Ltd. (CLO 5), a $408 million CLO with a 5-year reinvestment period. CLO 5 is managed by a PPM subsidiary, PPM Loan Management Company, LLC (PPMLM), a registered investment adviser created in 2017 to comply with risk retention regulations.

PPM America, Inc. (PPM) today announced the addition of senior managing director, Andrew Coupe, who will lead the firm’s newly expanded US Insurance distribution efforts. Andrew joins the firm’s four-person distribution team led by Eric Maskalunas, executive vice president. Based in New York, Andrew joins from NEPC, LLC and brings over 15 years of asset management experience, with specialized knowledge working with insurance clients.