Treasury to announce 3 more firms will invest in PPIP

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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