Wayne, PA — PPR Capital Management (PPR), a private equity real estate investment firm, announced the firm has surpassed $1 billion in assets under management (AUM) and $400 million in equity under management (EUM) across its investment portfolios.
In addition to reaching this significant milestone, the firm has made several notable accomplishments this year. In Q2, PPR launched the first of several proposed Opportunity Funds, with the initial fund focused on building and operating modern car washes in high-growth, fragmented markets across the US. Since the launch, new car wash locations have opened in San Antonio, TX, and Charleston, SC, with additional sites planned for 2025. To accommodate its growing number of employees and network of investors, PPR also relocated its corporate headquarters to a larger more modern, technology-enabled, office space, expanding from 7,000 s/f to 12,800 s/f.
“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,” said Steve Meyer, CEO of PPR Capital Management. “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.”