BlackRockLegacy Securities Public-Private Trust will be the newest ditressed-asset fund to take advantage of the government’s Public-Private Investment Program (PPIP), according a prospectus filed with the Securities and Exchange Commission on Friday by BlackRock Advisors.

The initial offering expenses for the trust will be paid by BlackRock Advisors. The objective of the fund is to create returns for investors on assets eligible for purchase under PPIP, according to the filing. The size of the fund was not detailed in the prospectus.

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