UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1 )*

PPD, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

69355F102

(CUSIP Number)

December 31, 2021

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed: specificity

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 69355F102

1.	Name of Reporting Person   H&F Corporate Investors VII, Ltd.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   CO

2

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Investors VII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

3

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Capital Partners VII L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

4

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Capital Partners VII (Parallel), L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

5

CUSIP No. 69355F102

1.	Name of Reporting Person   HFCP VII (Parallel-A), L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Delaware

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

6

CUSIP No. 69355F102

1.	Name of Reporting Person   H&F Executives VII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

7

CUSIP No. 69355F102

1.	Name of Reporting Person   H&F Corporate Investors VIII, Ltd.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   CO

8

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Investors VIII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

9

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Capital Partners VIII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

10

CUSIP No. 69355F102

1.	Name of Reporting Person   Hellman & Friedman Capital Partners VIII (Parallel), L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

11

CUSIP No. 69355F102

1.	Name of Reporting Person   HFCP VIII (Parallel-A), L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Delaware

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

12

CUSIP No. 69355F102

1.	Name of Reporting Person   H&F Executives VIII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

13

CUSIP No. 69355F102

1.	Name of Reporting Person   H&F Associates VIII, L.P.
2.	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☒
3.	SEC Use Only
4.	Citizenship or Place of Organization   Cayman Islands

Number of shares  beneficially  owned by each reporting person with	5.	Sole Voting Power   0
	6.	Shared Voting Power   0
	7.	Sole Dispositive Power   0
	8.	Shared Dispositive Power   0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ☐
11.	Percent of Class Represented by Amount in Row (9)   0%
12.	Type of Reporting Person (See Instructions)   PN

14

STATEMENT ON SCHEDULE 13G

Pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended (the “Act”), each of the persons listed below under Item 2 (each a “Reporting Person,” and collectively the “Reporting Persons”), have agreed to file one statement with respect to their beneficial ownership of common stock, par value $0.01 per share (“Common Stock”), of PPD, Inc. (the “Issuer”).

Item 1.

(a) Name of Issuer:

PPD, Inc.

(b) Address of Issuer’s Principal Executive Offices:

929 North Front Street

Wilmington, North Carolina 28401

Item 2.

(a) Name of Person Filing:

H&F Corporate Investors VII, Ltd.

Hellman & Friedman Investors VII, L.P.

Hellman & Friedman Capital Partners VII, L.P.

Hellman & Friedman Capital Partners VII (Parallel), L.P.

HFCP VII (Parallel-A), L.P.

H&F Executives VII, L.P.

H&F Corporate Investors VIII, Ltd.

Hellman & Friedman Investors VIII, L.P.

Hellman & Friedman Capital Partners VIII, L.P.

Hellman & Friedman Capital Partners VIII (Parallel), L.P.

HFCP VIII (Parallel-A), L.P.

H&F Executives VIII, L.P.

H&F Associates VIII, L.P.

(b) Address of Principal Business Office, or, if None, Residence:

The principal business office for all persons filing:

415 Mission Street, Suite 5700

San Francisco, CA 94105

(c) Citizenship:

See Item 4 of each cover page.

(d) Title of Class of Securities:

Common stock, par value $0.01 per share.

(e) CUSIP Number:

69355F102

15

Item 3.

Not applicable.

Item 4. Ownership.

(a) Amount beneficially owned:

See Item 9 of each cover page.

(b) Percent of class:

See Item 11 of each cover page.

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote

See Item 5 of each cover page.

(ii) Shared power to vote or to direct the vote

See Item 6 of each cover page.

(iii) Sole power to dispose or to direct the disposition of

See Item 7 of each cover page.

(iv) Shared power to dispose or to direct the disposition of

See Item 8 of each cover page.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certifications.

Not applicable.

16

SIGNATURES

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated February 8, 2022

H&F CORPORATE INVESTORS VII, LTD.
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HELLMAN & FRIEDMAN INVESTORS VII, L.P.
By:	H&F Corporate Investors VII, Ltd.,
	its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HELLMAN & FRIEDMAN CAPITAL PARTNERS VII, L.P.
By:	Hellman & Friedman Investors VII, L.P., its general partner
By:	H&F Corporate Investors VII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HELLMAN & FRIEDMAN CAPITAL PARTNERS VII (PARALLEL), L.P.
By:	Hellman & Friedman Investors VII, L.P., its general partner
By:	H&F Corporate Investors VII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President

HFCP VII (PARALLEL-A), L.P.
By:	Hellman & Friedman Investors VII, L.P., its general partner
By:	H&F Corporate Investors VII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
H&F EXECUTIVES VII, L.P.
By:	Hellman & Friedman Investors VII, L.P., its general partner
By:	H&F Corporate Investors VII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
H&F CORPORATE INVESTORS VIII, LTD.
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HELLMAN & FRIEDMAN INVESTORS VIII, L.P.
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President

HELLMAN & FRIEDMAN CAPITAL PARTNERS VIII, L.P.
By:	Hellman & Friedman Investors VIII, L.P., its general partner
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HELLMAN & FRIEDMAN CAPITAL PARTNERS VIII (PARALLEL), L.P.
By:	Hellman & Friedman Investors VIII, L.P.,
	its general partner
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
HFCP VIII (PARALLEL-A), L.P.
By:	Hellman & Friedman Investors VIII, L.P., its general partner
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
H&F EXECUTIVES VIII, L.P.
By:	Hellman & Friedman Investors VIII, L.P.,
	its general partner
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President
H&F ASSOCIATES VIII, L.P.
By:	Hellman & Friedman Investors VIII, L.P., its general partner
By:	H&F Corporate Investors VIII, Ltd., its general partner
By:	/s/ Trevor Watt
Name:	Trevor Watt
Title:	Vice President