PPF Group invests in a variety of sectors, including banking and financial services, telecommunications, media, biotechnology, real estate and industry.

[4] PPF Group was founded by Petr Kellner, whose 98.93% shareholding passed to his wife Renata and their family upon his death in March 2021.

After the 1989 Velvet Revolution in what was then Czechoslovakia, the federal government led by prime minister Marián Čalfa decided to gradually privatise state-owned companies.

In September 1991 PPF was founded as a Teplice-based company called Správa prvního privatizačního fondu (literally Management of the First Privatisation Fund).

[11] To succeed in privatisation, PPF needed money for an advertising campaign, which it obtained from state-owned glassworks Sklo Union, also based in Teplice.

[13][14] In November 1991 the registered capital of PPF was increased to CSK 6.6 million ($226,000) and Joudal was replaced by Jaroslav Přerost, who was at the time CFO of Sklo Union.

In March 1992 the registered name of the management company was shortened to První privatizační fond (First Privatisation Fund), a month later an extraordinary general meeting elected Popovič to its board.

[17] In the second wave, which took place after the dissolution of Czechoslovakia on 31 December 1992, PPF funds gathered 2.1% of all investment points (ninth-largest group).

[19] On 19 June 1996 the Minister of Finance Ivan Kočárník hosted a key meeting of ČP shareholders, the state's National Property Fund (NPF), PPF, and three banks, IPB, ČSOB and KB.

NPF, which held a 30% stake in ČP, was represented by the Minister of Privatization Roman Češka (of the party ODA), the governor of the Czech National Bank, Josef Tošovský was also present.

PPF and IPB also got an option to purchase ČSOB shares, subject to the condition that the audited ČP profit for 1997 was positive.

SOTIO is a biotechnology company developing new Active Cellular Immunotherapy ("ACI") for the treatment of cancer and autoimmune diseases.

[31] In September 2019, PPF Group acquired a 19.2% stake in biopharmaceutical firm Autolus Therapeutics, making it the company's biggest shareholder.

[32] In October 2019, AT&T agreed to sell its stake in broadcasting company Central European Media Enterprises (CME) to PPF.

[33] In May 2022, Renáta Kellnerová announced the appointment of Jiří Šmejc as the Group's Chief Executive Officer, who assumed his post on 15 June 2022.

This foundation focuses on improving the quality of education in public primary schools in the Czech Republic, supports socially disadvantaged students at the Open Gate - Grammar and Primary School in Babice, and provides grants to Czech students to study at international universities.