CHICAGO, October 29, 2025 — 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.
Co-headed by industry veterans Mark Hughes and Kevin Ritter, the five-person team averages 20 years of investment experience and oversees $1.69B in emerging market assets in both dedicated mandates and multi-asset portfolios as of June 30, 2025. The team currently offers a broad range of strategies including Emerging Markets Diversified, Diversified Constrained, Frontier and Local Currency Supranational that can be customized to meet a client’s objectives.
Additionally, the Los Angeles office further strengthens PPM’s connectivity to West Coast clients and institutional consultants, enabling more agile collaboration and consistent service across time zones. With this move, PPM reinforces its commitment to regional responsiveness, positioning the firm to better serve investors seeking opportunities in dynamic and evolving markets.