Public-Private Investment Program

Public-Private Toxic Asset Purchases

actually invested, loaned, or spent

Addressing one of the roots of the financial crisis, the hard-to-value mortgages and asset-backed securities on banks' balance sheets, the program sought to jump-start the market for these assets. Under the program the government both invested alongside private investors and provided them cheap financing in the hope that with the extra help, the private investors would reach a price at which they're willing to buy and banks are willing to sell.

Treasury originally set aside as much as $100 billion for the program, but then said that it expected to use only up to $30 billion. It then reduced the maximum amount to $22.4 billion.

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The following list shows the 9 recipients of Public-Private Investment Program.

Name State Date Entered Disbursed by PPIP Returned to PPIP
UST/TCW Senior Mortgage Securities Fund, L.P. Del. Sep. 30, 2009 $356,250,000 $377,236,495
RLJ Western Asset Public/Private Master Fund, L.P. Del. Nov. 5, 2009 $1,861,578,258 $2,333,299,317
Blackrock PPIF, L.P. Del. Oct. 2, 2009 $1,581,184,800 $2,017,362,973
Wellington Management Legacy Securities PPIF Master Fund, LP Del. Oct. 1, 2009 $3,448,461,000 $4,150,991,335
AG GECC PPIF Master Fund, L.P. Del. Oct. 30, 2009 $3,352,197,510 $4,278,725,223
Oaktree PPIP Fund, L.P. Del. Dec. 18, 2009 $1,666,904,633 $1,958,331,409
Invesco Legacy Securities Master Fund, L.P. Del. Sep. 30, 2009 $1,742,880,000 $2,319,818,945
AllianceBernstein Legacy Securities Master Fund, L.P. Del. Oct. 2, 2009 $3,192,141,738 $3,648,526,801
Marathon Legacy Securities Public-Private Investment Partnership, L.P. Del. Nov. 30, 2009 $1,423,550,000 $1,823,150,629

See the list of all initiatives and programs

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