PPM Ventures changes name to PPM Ca

PPM Ventures, the captive private equity arm of insurance company Prudential, is sporting a new name. PPM Capital will continue to manage all direct private equity investment activity in Europe, whilst the fund-of-funds activity will operate under the name PPM Managers. Catalyst Investment Managers, PPM's Sydney-based business, will continue to operate under the same brand. Neil MacDougall, managing director, comments, 'Our change of name is significant in that it better reflects the nature of our investments, which are upper mid-market buyouts. Perhaps even more significant, however, is that this name change means a gear change for us. We have an experienced and expanded investment team and an excellent track record on which to capitalise.' The group has also reinforced its investment team (See page 36).

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