SUBJECT-0820.dossier · government agency · status: active
P(
subject of file

Public-Private Investment Program (PPIP)

Treasury program to purchase toxic assets from banks
Tracked because Treasury program to purchase toxic assets from banks · 15 documented connections
Facts on record13
Connections mapped15
Sources cited22
Evidence: 11P+3 1S 1I
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
PATTERN company → [regulatory filing] → government agency → [regu... 3121× PATTERN person → [regulatory filing] → government agency → [regul... 2430× PATTERN company → [oversight] → government agency → [regulatory f... 709× PATTERN organization → [regulatory filing] → government agency → ... 690× PATTERN instrument → [regulatory filing] → government agency → [r... 510×
Connection Map
Key Connections
→ Timothy Geithner person
program_leadership
As Treasury Secretary, announced PPIP on March 23, 2009 to purchase legacy mortgage-backed securities
→ BlackRock company
fund_manager_selection
Selected as one of nine fund managers from over 100 applicants on July 8, 2009, meeting requirements for $500 million private capital capacity and $10 billion eligible assets under management
← Angelo Gordon & Co. LP company
program participant
Angelo Gordon & Co. LP was listed among institutional investors participating in the Public-Private Investment Program (PPIP), along with other firms such as AllianceBernstein LP, Invesco Ltd, and Oaktree Capital Management LP.
← Oaktree Capital Management LP company
program_participant
Oaktree Capital Management LP is listed as a participant in the Public-Private Investment Program (PPIP), a U.S. government program to purchase legacy assets from banks.
← The TCW Group Inc company
withdrew from
The TCW Group Inc withdrew from the Public-Private Investment Program (PPIP) in the fourth quarter of 2009.
← Wellington Management Company LLP company
participant
Wellington Management Company LLP is listed as a participant in the Public-Private Investment Program (PPIP), a U.S. government program to purchase legacy assets from financial institutions.
→ Securities and Exchange Commission government agency
regulatory_filing
PPIP filed SEC filing on March 10, 2015
← Clarium Capital company
no_documented_connection
No evidence found of Clarium applying to or being rejected from PPIP
Facts (13)
Data Freshness
Ageing Last update: 166d ago · Avg age: 2726d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (12)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Pending Review By September 30, 2014, Treasury fully recovered its $18.6 billion dispersed investment, ultimately generating a net positive return of more than $3.9 billion for taxpayers.
Date: 2014-09-30 Added: 02 May 2026 UNVERIFIED Public-Private Investment Program (PPIP) | U.S. Department of the Treasury
✓ verified Pending Review To qualify for purchase by a PPIF, securities must have been issued prior to 2009 and originally rated AAA without ratings enhancement.
Date: 2009-03-23 Added: 02 May 2026 UNVERIFIED Guidelines for the Legacy Securities Public-Private Investment Program
✓ verified Pending Review Treasury originally committed approximately $22 billion in equity and debt financing to nine Public-Private Investment Funds (PPIFs).
Date: 2009-07-08 Added: 02 May 2026 UNVERIFIED Public-Private Investment Program (PPIP) | U.S. Department of the Treasury
✓ verified Pending Review Treasury announced the Legacy Securities Public-Private Investment Program (PPIP) on March 23, 2009, designed to purchase legacy Commercial and Residential Mortgage-Backed Securities.
Date: 2009-03-23 Added: 02 May 2026 UNVERIFIED Treasury Department Releases Details on Public Private Partnership Investment Pr…
✓ verified Partially Corroborated Public-Private Investment Program (PPIP) filed filing with the SEC on 2015-03-10. Accession number: N/A.
✓ verified Primary Source Application deadline was extended from April 10, 2009 to April 24, 2009
Date: 2009-04-24 Added: 09 Apr 2026 ↗ SOURCE: Treasury Department deadline extension
✓ verified Primary Source Fund manager applications required headquarters in the United States
Date: 2009-04-10 Added: 09 Apr 2026 ↗ SOURCE: Treasury Department application requirements
✓ verified Primary Source Fund manager applications required minimum $10 billion of eligible assets under management
Date: 2009-04-10 Added: 09 Apr 2026 ↗ SOURCE: Treasury Department application requirements
✓ verified Primary Source Fund manager applications required demonstrated capacity to raise $500 million of private capital
Date: 2009-04-10 Added: 09 Apr 2026 ↗ RECORDS: Treasury Department application requirements
✓ verified Primary Source Treasury selected nine fund managers from over 100 applicants on July 8, 2009
Date: 2009-07-08 Added: 09 Apr 2026 ↗ SOURCE: Treasury Department announcement
✓ verified Primary Source Treasury received over 100 unique applications for PPIP fund manager positions
Date: 2009-07-08 Added: 09 Apr 2026 ↗ SOURCE: Treasury Department FAQ document
✓ verified Primary Source Treasury announced PPIP on March 23, 2009 to purchase legacy mortgage-backed securities
Date: 2009-03-23 Added: 09 Apr 2026 ↗ SOURCE: Official Treasury Department documentation
All Connections (15)
→ Timothy Geithner person
program_leadership, employed_by primary since 2009
As Treasury Secretary, announced PPIP on March 23, 2009 to purchase legacy mortgage-backed securities · As Treasury Secretary, designed and announced the PPIP as part of the broader Troubled Asset Relief Program (TARP).
→ BlackRock company
fund_manager_selection, contractor primary since 2009
Selected as one of nine fund managers from over 100 applicants on July 8, 2009, meeting requirements for $500 million private capital capacity and $10 billion eligible assets under management · Selected by the Treasury as one of the nine private fund managers for a Public-Private Investment Fund (Blackrock PPIF, L.P.).
→ Securities and Exchange Commission government agency
regulatory_filing primary since 2015
PPIP filed SEC filing on March 10, 2015
financial_crisis_coordination secondary since 2009
Both entities involved in financial crisis response programs during 2008-2009 period, with Treasury coordinating PPIP while Federal Reserve Bank of New York managed related crisis interventions
← Clarium Capital company
no_documented_connection confirmed
No evidence found of Clarium applying to or being rejected from PPIP
← Invesco Ltd company
contractor primary
Selected by the Treasury as one of the nine private fund managers (Invesco Legacy Securities Master Fund, L.P.).
← AllianceBernstein LP company
contractor primary
Selected by the Treasury as one of the nine private fund managers (AllianceBernstein Legacy Securities Master Fund, L.P.).
program participant primary since 2009
Angelo Gordon & Co. LP was listed among institutional investors participating in the Public-Private Investment Program (PPIP), along with other firms such as AllianceBernstein LP, Invesco Ltd, and Oaktree Capital Management LP.
program participant inferential since 2008
Marathon Asset Management LP is listed as one of the asset management firms participating in the Public-Private Investment Program (PPIP), a U.S. Treasury program launched during the financial crisis.
program_participant primary since 2009
Oaktree Capital Management LP is listed as a participant in the Public-Private Investment Program (PPIP), a U.S. government program to purchase legacy assets from banks.
← The TCW Group Inc company
withdrew from primary since 2009
The TCW Group Inc withdrew from the Public-Private Investment Program (PPIP) in the fourth quarter of 2009.
participant primary since 2009
Wellington Management Company LLP is listed as a participant in the Public-Private Investment Program (PPIP), a U.S. government program to purchase legacy assets from financial institutions.
← Henry Paulson person
financial_policy inferential since 2009
The PPIP was a major Treasury program announced in March 2009 by Paulson's successor Timothy Geithner, but built upon the framework established during Paulson's tenure at Treasury.
similar government investment vehicle inferential since 2009
The PPIP was created in 2009 by the Treasury and Fed to purchase legacy assets, including asset-backed securities, from financial institutions - a similar mechanism to the Maiden Lane trusts that were created in 2008 for specific bailout cases.
related_program inferential since 2009
The PPIP was another crisis-era program established alongside facilities like the PDCF to purchase troubled assets.
Sources (22)
2026 UNVERIFIED Research: Public-Private Investment Program (PPIP) — Parliamentary records (no r… parliamentary_record Processed 📜 Receipt
2011-03-15 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2011-03-15) sec_filing Processed 📜 Receipt
2010-03-16 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2010-03-16) sec_filing Processed 📜 Receipt
2015-03-10 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2015-03-10) sec_filing Processed 📜 Receipt
2012-02-29 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2012-02-29) sec_filing Processed 📜 Receipt
2026 UNVERIFIED Research: Public-Private Investment Program (PPIP) — Court records (no results) court_document Processed 📜 Receipt
2010-03-01 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2010-03-01) sec_filing Processed 📜 Receipt
2010-03-10 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2010-03-10) sec_filing Processed 📜 Receipt
— UNVERIFIED Guidelines for the Legacy Securities Public-Private Investment Program external_handoff Processed 📜 Receipt
2009-03-23 UNVERIFIED Treasury Department Releases Details on Public Private Partnership Investment Pr… external_handoff Processed 📜 Receipt
2026-04-30 UNVERIFIED Public-Private Investment Program (PPIP) | U.S. Department of the Treasury external_handoff Processed 📜 Receipt
2026 UNVERIFIED Research: Public-Private Investment Program (PPIP) — Lobbying disclosures (no re… government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Public-Private Investment Program (PPIP) — Corporate registrations (no… government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Public-Private Investment Program (PPIP) — USASpending contracts (no r… contract Processed 📜 Receipt
2015-03-10 ↗ SEC EDGAR: filing — Public-Private Investment Program (PPIP) (2015-03-10) web_search Processed 📜 Receipt
2009-04-24 ↗ Treasury Department deadline extension web_search Processed 📜 Receipt
2009-04-10 ↗ Treasury Department application requirements web_search Processed 📜 Receipt
2009-04-10 ↗ Treasury Department application requirements web_search Processed 📜 Receipt
2009-04-10 ↗ Treasury Department application requirements web_search Processed 📜 Receipt
2009-07-08 ↗ Treasury Department announcement web_search Processed 📜 Receipt
2009-07-08 ↗ Treasury Department FAQ document web_search Processed 📜 Receipt
2009-03-23 ↗ Official Treasury Department documentation web_search Processed 📜 Receipt