Treasury Unveils Public-Private Investment Program

24 March 2009
Download PDF

Yesterday, the Treasury Department unveiled its long-awaited Public-Private Investment Fund (PPIF) program under which the Treasury Department and private investors will form funds to purchase certain categories of "toxic assets."  The Treasury Department and the FDIC will provide a combination of loans and loan guarantees to finance these purchases.

The attached Client Update outlines the terms of the PPIF program and also notes certain issues and questions which remain outstanding.