PPM – Private Placement Memorandum

The PPM is the main document that gives the investor a good idea of what the fund is going to do with the invested capital and what are the practices through which it is framing its operations. The PPM would be a central document for the investor to access the opportunity and the risk involved in investing in the fund. 

The PPM usually includes things such as the different securities offered, the strategy of the fund and the way it is implemented, major risks associated with the fund’s operations, capital calling and distribution practices, fund expenses, management fees, and success fees, and much more…