Treasury to announce 3 more firms will invest in PPIP

10/5/2009 | Wall Street Journal, The · Reuters

The Treasury is set to announce today that BlackRock, Wellington Management and AllianceBernstein, along with its subadvisers Rialto Capital Management and Greenfield Partners, committed to investing $1.94 billion into the Public-Private Investment Program. The Treasury will match the investment dollar for dollar as well as provide debt financing. Two other firms had agreed to invest $1.13 billion in PPIP.

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Wall Street Journal, The · Reuters