PPIFs
PPIFs stands for Public-Private Investment Funds, a class of investment vehicles created in 2009 as part of the Public-Private Investment Program (PPIP) in response to the United States financial crisis. The purpose of PPIFs was to mobilize private capital to purchase troubled assets, particularly legacy mortgage-backed securities and direct loans, from financial institutions. By combining private investment with government participation, PPIFs aimed to improve liquidity, accelerate price discovery for distressed assets, and relieve balance sheets in the banking system.
Structure and operation typically involved private fund managers organizing the investment vehicles and arranging capital from
Assets targeted under the PPIF framework included legacy mortgage-related instruments and other distressed credit exposures that
Today, PPIFs are primarily discussed in the context of crisis-era policy tools and the design of public-private