# PPM America Inc

> PPM America Inc is an SEC-registered investment advisory firm in Chicago, IL, registered since 1992, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 29, 2026.

- CRD: 107269
- Filed as: PPM AMERICA INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107269
- AdvisorCensus page: https://advisorcensus.com/firm/ppm-america-inc-chicago-il-107269

## Quick answers

**How is PPM America Inc compensated?**
On its Form ADV (Item 5.E, October 2026), PPM America Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other.

**Where is PPM America Inc located?**
PPM America Inc's principal office is in Chicago, IL, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is PPM America Inc registered with the SEC or a state?**
PPM America Inc is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 107269.

**How much does PPM America Inc manage?**
PPM America Inc reports $93,793,612,433 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (99% discretionary).

**How have PPM America Inc's assets and staff changed since 2021?**
In the Form ADV data for PPM America Inc: Regulatory assets under management: $106,257,949,553 in the October 2021 data and $93,793,612,433 in the October 2026 data, down 12%. Total employees: 257 in October 2021 and 217 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does PPM America Inc serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (26); insurance companies (15); high net worth individuals (1).

**Which custodians does PPM America Inc use?**
PPM America Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank, National Association, State Street Bank and Trust Company and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does PPM America Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107269

**What changed in PPM America Inc's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Citibank, National Association
- State Street Bank and Trust Company
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $93,793,612,433
- Discretionary: $92,947,182,697
- Non-discretionary: $846,429,736

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 1 | $1,541,700 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $3,435,474,032 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 26 | $11,737,530,142 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $52,455,032 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 1 | $4,420,773,004 |
| Insurance companies | 15 | $74,113,656,884 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $32,181,639 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1992 (34 years)
- Employees: 217 total, 117 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Los Angeles, CA

### Websites listed on Form ADV (Item 1.I)
- jackson.com/the-jackson-difference/who-we-are.html
- ppmamerica.com
- Facebook @ppmamerica
- LinkedIn @ppm-america-inc-
- LinkedIn @ppm-america-capital-partners
- X @ppmamerica
- YouTube @UCCP9VgsTs9z4brkNFzoypag

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $106,257,949,553 | 257 | March 29, 2021 |
| October 2022 | $79,332,051,129 | 218 | April 26, 2022 |
| October 2023 | $71,536,517,398 | 217 | July 17, 2023 |
| October 2024 | $73,144,844,083 | 209 | March 28, 2024 |
| October 2025 | $74,478,389,810 | 212 | June 10, 2025 |
| October 2026 | $93,793,612,433 | 217 | May 29, 2026 |

Regulatory assets under management: $106,257,949,553 in the October 2021 data and $93,793,612,433 in the October 2026 data, down 12%.
Total employees: 257 in October 2021 and 217 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 112 to 117.
- Regulatory assets under management went from $74,478,389,810 to $93,793,612,433 (+26%).

### February 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Added an office in Los Angeles, CA.
- No longer lists an office in Pasadena, CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PPM America Inc (CRD 107269): Form ADV filing data as of October 2026.