The Treasury Department announced three additional investment firms Monday that have signed up to buy toxic assets through the Public-Private Investment Program.
AllianceBernstein LP, BlackRock Inc. and Wellington Management Co. LLP have each completed closings with at least $500 million of equity. They joined Invesco and TCW Group, which were announced last week.
Those five — out of an initial pool of nine chosen firms — bring the total committed equity and debt capital to $12.27 billion.
The Treasury said it expects the remaining firms to close their financing by the end of October.
