Public-Private Investment Program (PPIP)

12 dated events on the record · 11 primary-source · 0 contradictions · 2009–2015

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Recent events

2015-03-10 Transactions SECONDARY Public-Private Investment Program (PPIP) filed filing with the SEC on 2015-03-10. Accession number: N/A.

2014-09-30 Transactions PRIMARY 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.

2009-07-08 Transactions PRIMARY Treasury originally committed approximately $22 billion in equity and debt financing to nine Public-Private Investment Funds (PPIFs).

2009-07-08 Other facts PRIMARY Treasury selected nine fund managers from over 100 applicants on July 8, 2009

2009-07-08 Other facts PRIMARY Treasury received over 100 unique applications for PPIP fund manager positions

2009-04-24 Other facts PRIMARY Application deadline was extended from April 10, 2009 to April 24, 2009

2009-04-10 Transactions PRIMARY Fund manager applications required minimum $10 billion of eligible assets under management

2009-04-10 Other facts PRIMARY Fund manager applications required headquarters in the United States

2009-04-10 Transactions PRIMARY Fund manager applications required demonstrated capacity to raise $500 million of private capital

2009-03-23 Transactions PRIMARY To qualify for purchase by a PPIF, securities must have been issued prior to 2009 and originally rated AAA without ratings enhancement.

2009-03-23 Transactions PRIMARY Treasury announced PPIP on March 23, 2009 to purchase legacy mortgage-backed securities

2009-03-23 Transactions PRIMARY Treasury announced the Legacy Securities Public-Private Investment Program (PPIP) on March 23, 2009, designed to purchase legacy Commercial and Residential Mortgage-Backed Securities.

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