The Treasury Legacy Continues

Seemingly out of nowhere, the Treasury today announced that on October 30, 2009 Angelo, Gordon & Co., L.P. and GE Capital Real Estate completed an initial closing of a Public-Private Investment Fund established under the Legacy Securities Public-Private Investment Program.

This one touched all politically correct bases, Treasury said in its announcement:

Small, minority-, and women-owned businesses that are partnering with Angelo, Gordon & Co., L.P. and GE Capital Real Estate include:

CastleOak Securities, L.P.

Park Madison Partners LLC

Angelo, Gordon & Co. is a privately-held registered investment advisor that was founded in 1988 and currently has about $18 billion under management. Top execs appear to be out of LF Rothchild.

GE, of course, brings good things to life.