Private equity real estate investment firm PPR Capital Management reached two important milestones recently, surpassing $1 billion in assets under management (AUM) and $400 million in equity under management (EUM).
“Over the past five years, we’ve witnessed remarkable growth across our team and investment portfolios,” Chelsea DeLuca, chief operating officer at PPR Capital Management, said. “Reaching these milestones is both humbling and exciting. It speaks to the talent and dedication of our employees and the continued trust our clients have in our vision and capabilities.”
The Wayne-based firm also achieved some other notable accomplishments in 2024. In the second quarter, PPR launched the first of several proposed Opportunity Funds, with the initial fund focused on building and operating modern car washes across the United States. Since the fund’s launch, new car wash locations have opened in San Antonio, TX, and Charleston, S.C., with additional sites planned for 2025.
Also, to accommodate its growing number of employees and network of investors, PPR relocated its Wayne corporate headquarters to a larger space, expanding from 7,000 square feet to 12,800 square feet.
“Growth is one of our most important guiding principles, and I am incredibly proud to lead a team that consistently pursues new initiatives and milestones,” Steve Meyer, CEO of PPR Capital Management, said. “These accomplishments are a testament to the trust our investors place in our firm’s purpose and expertise. As stewards of their funds, we are deeply committed to upholding that trust and delivering sustained value and prosperity through every investment. Our investors, and the close relationships we have with them, are at the heart of everything we do.”
PPR Capital Management is a private equity real estate firm that manages investment offerings which primarily invest in distressed assets and mortgages, as well as residential and commercial real estate throughout the United States.