CHICAGO--(BUSINESS WIRE)--PPM America Capital Partners (PPMACP), the private equity arm of PPM America, Inc. (PPM), is pleased to announce the hiring of Bhumika Gashti, CFA, as Senior Managing Director, Investor Relations. Gashti’s primary focus is leading all aspects of existing client relationships and fundraising efforts in support of PPMACP. Gashti reports to Champ Raju, Managing Partner, Head of Private Equity.
With nearly 20 years in the investment services industry, Gashti joins the Chicago office from Intrinsic Edge Capital Management, where she served as the Head of Business Development & Investor Relations. Prior to her time there, she worked in several roles at Credit Suisse, most recently as the Head of US Sector Specialists, where she led a 12-person team responsible for generating actionable investment insights across all US equities. Gashti began her career on the investor side, as a part of the pension investment teams at both Pfizer and AT&T.
“Gashti’s compelling mix of relationship management experience, investment acumen and work on highly collaborative teams makes her a wonderful fit for PPMACP,” said Raju. “Our investment in personnel reaffirms the firm’s commitment to grow the private equity business and deliver the best client service possible.”
PPMACP is a nine-member investment team, led by four partners who have an average 25 years of investment experience and 22 years tenure at PPM. PPMACP operates as one integrated unit, deploying capital across a primary funds platform, co-investments alongside our sponsors and secondaries. As of June 30, 2024, the private equity program had $5.67 billion in assets under management with $11.22 billion in total historical capital commitments.
Gashti states, “With its long-standing sponsor relationships, consistent participation across multiple market cycles and deal-making agility, PPMACP has built a high-caliber private equity practice. My goal is to help leverage these strengths as we look to expand the client base and increase assets under management.”
About PPM America Capital Partners
Our mission is to be seen by clients and their advisors as a consistently reliable partner to help them achieve their long-term value goals.
PPM’s private equity capabilities were established in 1991 and PPMACP launched PPM’s first co-investment fund in 2000. Since its inception, PPM’s private equity team has navigated multiple market cycles focusing primarily on North America buyout and growth opportunities. PPM’s private equity team manages both primary fund investments as well as sponsor-led co-investments. For more information, please visit PPM’s website at ppmamerica.com/our-strategies/private-equity.
PPM is a US-based institutional asset manager with $76.66 billion in assets under management as of September 30, 2024.1 Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We offer our Midwestern mentality of hard work, straight talk, full transparency and humility. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals.
1 AUM includes committed but unfunded capital for PPM’s private equity and commercial real estate businesses.
