# PPM Loan Management Company 2, LLC

> 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.

- CRD: 297186
- Filed as: PPM LOAN MANAGEMENT COMPANY 2, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/297186
- AdvisorCensus page: https://advisorcensus.com/firm/ppm-loan-management-company-2-llc-chicago-il-297186

## Quick answers

**How is PPM Loan Management Company 2, LLC compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is PPM Loan Management Company 2, LLC located?**
PPM Loan Management Company 2, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is PPM Loan Management Company 2, LLC registered with the SEC or a state?**
PPM Loan Management Company 2, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 297186.

**How much does PPM Loan Management Company 2, LLC manage?**
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).

**How have PPM Loan Management Company 2, LLC's assets and staff changed since 2021?**
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.

**What types of clients does PPM Loan Management Company 2, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does PPM Loan Management Company 2, LLC report any disciplinary disclosures?**
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

**What changed in PPM Loan Management Company 2, LLC's recent Form ADV filings?**
In the September 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,723,359,751
- Discretionary: $2,723,359,751
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $2,723,359,751 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 12 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/297186

### 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-
- X @ppmamerica
- YouTube @UCCP9VgsTs9z4brkNFzoypag

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,511,123,488 | 11 | March 31, 2021 |
| October 2022 | $1,925,332,309 | 12 | April 26, 2022 |
| October 2023 | $2,077,364,598 | 12 | March 30, 2023 |
| October 2024 | $2,243,308,094 | 10 | July 11, 2024 |
| October 2025 | $2,546,172,870 | 11 | March 31, 2025 |
| October 2026 | $2,723,359,751 | 12 | August 5, 2026 |

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.

## Changes in the filing (last 12 months)

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

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PPM Loan Management Company 2, LLC (CRD 297186): Form ADV filing data as of October 2026.