Private fund adviser · Chicago, IL
PPM Loan Management Company 2, LLC
SEC-registered investment adviser · CRD 297186 · SEC 801-113539
At a glance
PPM Loan Management Company 2, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $2.7 billion in regulatory assets under management as of its Form ADV filed August 5, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,388th of 4,686 private fund advisers and 3,008th of 17,210 SEC-registered advisers by assets.
Main office 312-634-2500ppmamerica.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.7B
- Rank among private fund advisers
- #1,388 of 4,686
- Rank among all SEC RIAs
- #3,008 of 17,210
- Rank in Illinois
- #158 of 684
- Clients
- 8
- Accounts
- 8
- Discretionary
- 100% of AUM
- Employees
- 12
- Advisory staff
- 5
- Offices
- 1
Owners and executives on its Form ADV
- Thomas R. BarrusSenior Vice President, Chief Compliance Officer
- Mary T CapassoExecutive Vice President, Chief Operating Officer, General Counsel
- Oliver JordanExecutive Vice President, Chief Financial Officer, Treasurer
- Ogechi C. NwachukwuDirector, Executive Vice President, Chief Investment Officer
- Christopher A. RaubPresident, Chief Executive Officer, Director, Chairman of the Board
- Brian B. ManczakExecutive Vice President, Director
Custody and brokerage
Custodian
PPM Loan Management Company 2, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: Jackson National Life Distributors LLC.
- Jackson National Life Distributors LLC ↗CRD 40178
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 8 | $2.7B | 100% |
Private funds
PPM Loan Management Company 2, LLC reports 8 private funds with $2.7B in gross assets: securitized asset funds (Form ADV Item 7.B).
Disciplinary disclosures
PPM Loan Management Company 2, LLC answers yes to 10 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗ppmamerica.com ↗
AtlasMembers
The full record on PPM Loan Management Company 2, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 1,714 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does PPM Loan Management Company 2, LLC manage?
PPM Loan Management Company 2, LLC reports $2.7 billion in regulatory assets under management across 8 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 5, 2026.
What kind of firm is PPM Loan Management Company 2, LLC?
PPM Loan Management Company 2, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are PPM Loan Management Company 2, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($2.7 billion, 8 clients).
Does PPM Loan Management Company 2, LLC manage private funds?
Yes. It reports 8 private funds with $2.7 billion in gross assets, including securitized asset funds.
Does PPM Loan Management Company 2, LLC have any disciplinary history?
PPM Loan Management Company 2, LLC answers yes to 10 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is PPM Loan Management Company 2, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-05), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →