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 Treasury’s 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?
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