CHICAGO--(BUSINESS WIRE)--Mar 12, 2026--
PPM America Capital Partners, the private equity arm of PPM America, Inc. (PPM) today announced the promotion of Tiffany Luna to Partner. In this expanded role, Luna will continue to play a key leadership role in sourcing, evaluating, and executing private equity investments, as well as managing sponsor relationships and supporting portfolio companies. The promotion reflects her significant contributions to the firm’s private equity platform and consistent support of its clients’ investment objectives.
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Luna has 15 years of private equity experience and joins Managing Partner and Head of Private Equity, Champ Raju and Partners, Craig Radis, Mark Staub and Ray Zhang at the forefront of PPM’s $6.4B private equity business. PPM America Capital Partners operates as an integrated platform specializing in primary investments, co-investments, and GP-led secondaries with a focus on North American buyout and growth equity investments.
“Tiffany has demonstrated exceptional investment judgment, deep partner relationships, and a strong commitment to our clients,” said Champ Raju, Managing Partner and Head of Private Equity. “This promotion recognizes her impact on our private equity business and her leadership within the firm.”
Luna joined PPM in 2011 and holds an MBA from Northwestern University and a BA from Wellesley College. She serves on several Advisory Boards with sponsors and holds numerous Board Observer seats with portfolio companies. In addition, Luna is a member of the Board of Directors for the Cristo Rey Jesuit High School.
About PPM America Capital Partners
PPM America Capital Partners (PPMACP) operates as an integrated private equity platform specializing in primary investments, co-investments, and GP-led secondaries with a focus on North American buyout and growth equity investments. PPMACP combines more than three decades of institutional private equity investing experience with a seasoned investment team, a robust sourcing network and a consistent track record across multiple market cycles, all underpinned by a core philosophy centered on access, alignment, and disciplined underwriting. As of December 31, 2025, PPMACP managed $6.4 billion in assets under management globally with $12.8 billion in historically committed assets. 1 PPMACP is the private equity arm of PPM America, Inc., a US-based institutional asset manager with $93.7 billion in assets under management. 2 For additional information, please visit www.ppmamerica.com/.
1 Co-investment committed assets include limited partner commitments to PPM America co-investment funds I-IX and invested capital in pre-fund deals completed by our parent company. Primary fund committed assets include commitments made by PPM on behalf of clients into primary fund investments. Co-investment and primary committed assets include data since 1991.
2 AUM includes committed but unfunded capital for PPM’s private equity and commercial real estate businesses. AUM includes both securities issued by PPM CLO vehicles held by PPM separately managed account clients and the underlying collateral assets of the CLO vehicles managed by PPM.
Tiffany Luna promoted to Partner at PPM America Capital Partners.
COPENHAGEN, Denmark (AP) — René Redzepi, founder and celebrity chef at the iconic Danish restaurant Noma that won three Michelin stars and other international accolades for its innovative “New Nordic” cuisine, has stepped down from his post following allegations of abuse and assault at the Copenhagen landmark.
Redzepi has been dogged for years by reports of mistreatment of his staff as well as his yearslong use of unpaid interns to staff the pricy restaurant, which was ranked first on the World’s 50 Best Restaurants List five times. But the criticism recently came to a head on social media, and an article in the New York Times detailed former employees' accounts of abuse just days ahead of the opening of a Noma pop-up in Los Angeles.
Sponsors have since pulled their funding for the Southern California residency, which opened Wednesday to a small gathering of protesters and where a meal will cost diners $1,500. Redzepi announced his resignation on Instagram with a tearful video soon after.
“I have worked to be a better leader and Noma has taken big steps to transform the culture over many years,” he wrote in the post's caption Thursday. “I recognize these changes do not repair the past. An apology is not enough; I take responsibility for my own actions.”
Jason Ignacio White, a former head of Noma’s fermentation lab, collected anonymous testimonies of alleged abuse at the restaurant and posted them to his Instagram page. The accounts, which range from verbal abuse to physical assault at the hands of Redzepi and his deputies, have gone viral.
“I got punched in the face during service there,” one unnamed person wrote to White.
Another said: “Noma destroyed my passion for the industry. I struggled with intense anxiety, bad enough to give me panic attacks in the middle of the night. The trauma, abuse and idea that nothing would ever change all led me to walk away from the career.”
Redzepi has publicly addressed his aggression over the last decade. In response to Saturday's New York Times article, which included interviews with 35 former employees who worked at Noma between 2009 and 2017, the chef apologized on Instagram and said he has worked to change his behavior.
He was knighted in 2016 to Denmark's Order of Dannebrog by then-Queen Margrethe II.
Noma, Redzepi and the Danish royal family's press department did not immediately return requests for comment Thursday.
Kristoffer Dahy Ernst, editor in chief of Danish food magazine Gastro, said Redzepi had to step down for the restaurant to have a chance of survival.
“René Redzepi is the face of Noma, he is Noma,” Dahy Ernst told The Associated Press on Thursday. “If you want to solve the huge problem that Noma has right now, you have to remove the source of the problem.”
Still, Dahy Ernst said it's not clear whether Noma can continue without its visionary founder, who brought international acclaim to Denmark.
The Scandinavian country can trace a change in its gastro-tourism before and after the restaurant's 2003 opening. With its dedication to hospitality, flawless execution and culture of foraging from the nearby land and sea, Noma made Copenhagen a top dining destination for foodies worldwide.
Dazio reported from Berlin.
A staff member polishes the glass doors outside a Noma restaurant in Copenhagen, Tuesday, May 1, 2012. (Keld Navntoft/Ritzau Scanpix via AP)
Noma's chef René Redzepi smells a citrus fruit in Copenhagen, Nov. 24, 2024. (Soeren Bidstrup/Ritzau Scanpix via AP)
Noma's chef René Redzepi prepares a vegetarian burger in a restaurant, in Copenhagen, Nov. 24, 2024. (Soeren Bidstrup/Ritzau Scanpix via AP)
