{ "crd_number": 297186, "slug": "ppm-loan-management-company-2-llc-chicago-il-297186", "primary_business_name": "PPM LOAN MANAGEMENT COMPANY 2, LLC", "legal_name": "PPM LOAN MANAGEMENT COMPANY 2, LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-07-03", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-08-05", "carried_forward": false, "raum_total": 2723359751.0, "raum_discretionary": 2723359751.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 12, "advisory_employees": 5, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 2723359751.0, "count": 8 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "IL" ], "websites": [ "https://facebook.com/ppmamerica", "https://jackson.com/the-jackson-difference/who-we-are.html", "https://linkedin.com/company/ppm-america-inc-", "https://ppmamerica.com", "https://x.com/ppmamerica", "https://youtube.com/channel/UCCP9VgsTs9z4brkNFzoypag" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/297186", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/ppm-loan-management-company-2-llc-chicago-il-297186", "display_name": "PPM Loan Management Company 2, LLC", "summary": "PPM Loan Management Company 2, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 5, 2026.", "citation": "AdvisorCensus. PPM Loan Management Company 2, LLC (CRD 297186): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is PPM Loan Management Company 2, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), PPM Loan Management Company 2, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is PPM Loan Management Company 2, LLC located?", "a": "PPM Loan Management Company 2, LLC's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is PPM Loan Management Company 2, LLC registered with the SEC or a state?", "a": "PPM Loan Management Company 2, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 297186." }, { "q": "How much does PPM Loan Management Company 2, LLC manage?", "a": "PPM Loan Management Company 2, LLC reports $2,723,359,751 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (100% discretionary)." }, { "q": "How have PPM Loan Management Company 2, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for PPM Loan Management Company 2, LLC: Regulatory assets under management: $1,511,123,488 in the October 2021 data and $2,723,359,751 in the October 2026 data, up 80%. Total employees: 11 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does PPM Loan Management Company 2, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8)." }, { "q": "Does PPM Loan Management Company 2, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/297186" }, { "q": "What changed in PPM Loan Management Company 2, LLC's recent Form ADV filings?", "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1511123488.0, "total_employees": 11, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1925332309.0, "total_employees": 12, "filing_date": "2022-04-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2077364598.0, "total_employees": 12, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2243308094.0, "total_employees": 10, "filing_date": "2024-07-11" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2546172870.0, "total_employees": 11, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2723359751.0, "total_employees": 12, "filing_date": "2026-08-05" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/ppm-loan-management-company-2-llc-chicago-il-297186.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 8, "fewer_than_5": false, "raum": 2723359751.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/297186", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }