The following Treasury press release can be found here.  Please also see the article on earlier PPIP closings. **** Treasury Announces Additional initial closing of Legacy Securities Public Private Investment Fund November 5, 2009 TG-357 Treasury Department Announces Additional initial closing of Legacy Securities Public Private Investment Fund WASHINGTON — [...]

Treasury Announces Closings and Releases Draft LPA Last week the Treasury announced the initial closing of some funds under the PPIP. The Treasury also released the draft form of the PPIP Limited Partnership Agreement.  The draft LPA is similar to a limited partnership agreement which you would be part of [...]

Treasury and Fed Name Lucky Hedge Fund Managers The Treasury and the Fed just announced the hedge fund management companies which will be participating in the first round of the PPIP.  The following press release can be found here. **** July 8, 2009 TG-200 Joint Statement by Secretary of the [...]

The Treasury announced today that they received over 100 applications from fund managers who want to participate in the Public Private Investment Program (PPIP).  There have been a number of questions regarding the structure of investment vehicles under the PPIP.  In addition to the Treasury release from earlier today, I [...]