PPM America Hires Lord Abbett Director To Global Distribution Team
PPM America, Inc. (PPM) today announced the continued expansion of its Global Distribution team with the addition of Greg Balewicz as a Senior Managing Director. Balewicz is a 25-year industry veteran, most recently serving as Director, US Institutional at Lord Abbett & Co. where he was responsible for the sales, distribution and relationship management of traditional equity and fixed income strategies to public fund plan sponsors across the US. Prior to Lord Abbett, Balewicz spent 17 years at State Street Global Advisors in various roles, primarily focused on institutional sales.
At PPM, Balewicz's main responsibility is proactively identifying and advancing opportunities with institutional plan sponsors that intersect with the firm's broad range of investment strategies, which includes Fixed Income, Commercial Real Estate Debt, Investment Grade Private Credit, Private Equity and Collateralized Loan Obligations. He is based out of Boston and joins recent team hires Jeff Seaver (Head of Global Distribution) and Laura Beckner (Head of Consultant Relations).
"Greg is an excellent addition not only to the Global Distribution team but also PPM as a whole," Seaver said. "He has built tremendous relationships with decision makers at public fund and Taft-Hartley plan sponsors and has proven to be a highly effective fund raiser. He is also known for being a diligent team player who should fit well into PPM's client-centric culture."
"Now is an exciting time to join PPM as we look to make inroads into the institutional investment marketplace. Our repeatable, market tested investment process and ability to build customized solutions for our clients truly resonates with investors," remarked Balewicz. "I look forward to growing the awareness of what PPM does and how it can benefit plan sponsors."
About PPM America
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 is a US-based institutional asset manager with $68.46 billion in assets under management as of 30 September 2023.1 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.
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