Reports rapid acceleration of its business over the past 24 months

PPB Capital Partners (“PPB”), alternative investment solution provider to private wealth advisors, today announced tremendous company growth led by ongoing new business and team expansion.

Through May, capital commitments to PPB had exceeded total capital commitments to the firm for full-year 2024. The pace of commitments reflects a steady acceleration in business growth. Since mid-year 2021, PPB has doubled employee count, enhanced portal technology, and, earlier this year, relocated to a new office triple in size to support its growing team.

This continued company momentum speaks to significant market opportunity and demand for effective ways to access and manage private market programs like those delivered by PPB.

“Our growth story is the result of our commitment to the values we started with 18+ years ago and we’ve evolved to meet advisors where they are in their private market journey,” said Brendan Lake, Founder and CEO.

Lake said the drivers of PPB’s growth have been the result of:

  • Record-breaking financials and consistent revenue growth
  • A build-out of PPB’s distribution arm

Enhanced operations and technology. Examining the numbers, PPB’s fund management service revenue grew by more than 30% annually since 2019, marking double-digit growth in six of the past seven years. In Q1 2024 alone, PPB closed a record number of new capital commitments. In May 2023, Evan Deussing was named Managing Director, Head of Distribution for PPB. Deussing has proven expertise in business development structure, strategy, and cultivating talent.

In a little over a year, Deussing quickly developed a nationwide, eight-territory sales structure, supported by both internal and external advisor relations teams. For the first time, PPB has achieved a national sales footprint, with local coverage in each territory.

“Our plan is to engage with every private wealth RIA across the country that can benefit from our private market access and operational expertise ultimately, helping the private wealth advisor drive meaningful revenue and AUM growth,” Deussing said.

Recognizing the demand and competitive nature of the alternative investing landscape, PPB placed a focus on expanding its marketing and communications program to fuel business growth. In December 2023, Kris Reybitz was named PPB’s Director of Marketing responsible for digital marketing initiatives, development of integrated messaging, and brand enhancement.

PPB’s Distribution unit, which comprises the sales, marketing, and investment teams, now numbers over 20 professionals.

In support of client operational services, PPB hired Michael Weckwerth as Director, Fund Development. Weckwerth leads fund development to wealth advisors’ scope, determining the legal structure, terms, operating agreements, subscription documents, term sheets, filings and more.

Understanding a key element to the business model is allowing wealth advisors to operate with timely, efficient execution, PPB further enhanced its state-of-the-art technology platform. The PPB Portal is custom-built to our scope, developed based on advisors’ needs, and never sacrifices client experience or quality.

Within the last 12 months, portal advancements include, a modernized subscription interface and experience, improved DocuSign integration for additional subscription documentation, API connections for investor data transfers, data room onboarding tool improvements, and enhanced 2FA experience and application security.

The technology team grew to 9 people.

”In connection with our core mission here at PPB, we offer a custom technology solution that solves wealth advisors’ main priorities in a simplified, streamlined manner,” said Amanda Bannon, Chief Operating Officer at PPB.

About PPB Capital Partners

PPB Capital Partners is a full-service alternative provider that meets wealth advisors in their private markets journey. That can mean providing access to highly differentiated investment ideas and/or bringing operational efficiency and support to the RIA businesses.

PPB does this by solving the logistical challenges often associated with investing in private investments. PPB’s core mission is to lend extensive operational expertise, reporting, custodial support, and lower investment minimums to private wealth advisors at scaled pricing and with independent due diligence as an added feature.

PPB’s full range of specialized solutions are offered through three main business verticals.

1. Capital Market Solutions – Our team provides differentiated, durable alternative investment funds, spawned by peer collaboration, accessible to the private wealth community.

2. Customized Solutions – PPB designs, builds, launches, and operates completely customizable proprietary investment vehicles for private wealth advisors, fit to their scope with a scalable service model, supported by our in-house operations teams.

3. Legacy Operations Solution – PPB delivers complete operational, back, and middle office support to private wealth advisors who manage an in-house alternative fund and are looking to outsource the operational management.

Disclosure: Information presented is for educational purposes only, are subject to change from time to time and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

 

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