Skip to comments.Application for Treasury Investment in a Legacy Securities Public-Private Investment Fund
Posted on 03/24/2009 3:06:07 PM PDT by Ron Jeremy
Application for Treasury Investment in a Legacy Securities Public-Private Investment Fund
This application (this Application) is for private assets managers (Applicants) to apply to the U.S. Department of the Treasury (Treasury) to be pre-qualified to serve as a manager (a Fund Manager) of a Legacy Securities Public-Private Investment Fund (each, a Fund) that will invest in legacy securities (Eligible Assets) on behalf of taxpayers and private investors pursuant to terms set forth in Attachment I.
Fund Managers will be pre-qualified based upon criteria that are anticipated to include:
Demonstrated capacity to raise at least $500 million of private capital. Demonstrated experience investing in Eligible Assets, including through performance track records. A minimum of $10 billion (market value) of Eligible Assets currently under management. Demonstrated operational capacity to manage the Funds in a manner consistent with Treasurys stated Investment Objective while also protecting taxpayers. Headquarters in the United States. All Applications must be submitted no later than 5:00 p.m. ET on April 10, 2009
Soros to purchase all of it?