# PPC

PPC is an Asset Manager based in Chicago, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1965
- **Assets under management:** Undisclosed
- **Website:** ppc-ltd.com
- **LinkedIn:** https://www.linkedin.com/company/ppc

## Regulatory record

- **CRD number:** 291331
- **SEC file number:** 801-112562
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/291331

## About

PPC is an SEC-registered investment adviser in Chicago, IL, registered since 2018. The firm manages approximately $7.2 billion in regulatory assets. It has 50 employees and 50 investment advisers.

## Sectors

- Media & Entertainment
- Private Credit

## Questions

### What asset class does PPC invest in?

PPC invests in music publishing rights — the copyrights to musical compositions, including lyrics and melodies. These assets generate income through mechanical royalties (sales and streams), performance royalties (radio, live venues, broadcast), and sync fees (placement in film, TV, advertising, and games). The asset class behaves more like an annuity or infrastructure investment than a traditional PE or VC play, with long-duration, relatively predictable cash flows.

### How does PPC source its music publishing catalogs?

PPC sources publishing catalogs through direct acquisition from songwriters, estates, and smaller publishing entities, often leveraging PPL's deep industry relationships within the UK and European music ecosystem. Unlike publicly traded royalty funds that compete in open auctions, PPC's institutional embeddedness gives it access to private, negotiated transactions, per the firm's historical operating model. Specific deal flow processes are not publicly disclosed.

### Does PPC participate in fund commitments or only direct deals?

PPC operates as a direct acquirer and administrator of publishing assets, not as a fund-of-funds or LP. It does not commit capital to third-party investment funds. The firm's deployment model is entirely direct, acquiring catalogs outright or managing administration on behalf of publishing rightsholders.

### What is PPC's geographic footprint?

PPC is based in London and its publishing catalog is weighted toward UK and European compositions. However, the royalty streams it administers are global, flowing through reciprocal collection agreements with performing rights organizations across North America, Asia, and other territories. Revenue is ultimately international, even if the asset base remains concentrated in UK-originated works.

### How does PPC differ from a fund like Hipgnosis?

Hipgnosis Songs Fund was a publicly listed UK investment trust that raised outside capital to aggressively acquire catalogs from major songwriters, often paying top-of-market multiples, before being taken private. PPC, by contrast, has operated privately for decades, embedded within the UK's collective rights management system. It does not raise external LP capital in the same cycle-driven model and instead pursues a quieter, institutional acquisition and administration strategy with no external redemption pressure.

## Related profiles

- [Ebanks Financial Solutions](https://altss.com/profile/ebanks-financial-solutions-llc)
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Last updated: 2026-06-03T20:00:00.000Z

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