BOSTON, February 7, 2024 – Proskauer, a leading international law firm, today announced that it advised PPM America, Inc. (“PPM”) on the closing of PPM America Private Equity Fund VIII LP (together with its parallel fund, “Fund VIII” or “the Fund”). The Fund was raised through PPM America Capital Partners (PPMACP), the private equity arm of PPM. Fund VIII is PPMACP’s eighth private equity fund focused on pursuing its co-investment strategy and reached a final close with $660 million in total commitments, its largest fundraise to date.

Fund VIII will continue to invest in a diversified pool of co-investments alongside top-tier buyout and growth equity sponsors. It will target approximately 50 co-investments and be well-diversified by vintage year, sponsor and sector/industry, and will generally allocate between $10-$25 million per co-investment.

The Proskauer team was led by partners Ryan Carpenter (Private Funds) and Scott Jones (Tax).

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