PPM America Capital Partners, the private equity arm of PPM America, has closed its seventh co-investment fund, PPM America Private Equity Fund VII LP, at $648 Million.
PPM America Capital Partners (PACP) was formed in 2000 and today consists of 10 investment professionals led by President Bruce Gorchow. The team averages 21 years of investment experience and 17 years of tenure with the firm. The PPM private equity team has $2.8 billion in assets under management, including $2.1 billion in primary third-party fund investments and $0.7 billion of equity co-investments.
The PPM co-investment team, led by Austin Krumpfes, has invested in more than 190 transactions totaling over $2 billion since inception. “Fund VII is one of our largest co-investment funds, and we remain committed to seeking to uncover value opportunities for our clients while partnering with our sponsors and maintaining our disciplined and diversified investment approach,” said Mr. Krumpfes.
Typical co-investments for PACP will be significant minority interests of $5 million to $20 million in middle market buyout and growth opportunities valued between $30 million and $300 million. Smaller equity stakes in companies with values in excess of $1 billion will also be considered.
PPM America is an investment manager with more than $111 billion in assets as of December 31, 2017. The firm invests through multiple strategies including public fixed income, public equity, private equity, and private debt. PPM America is headquartered in Chicago (www.ppmamerica.com).
© 2018 Private Equity Professional | June 18, 2018