Private Investment in Public Equity is the purchase of shares of publicly traded stock at a price less than the current market price (CMV) per share. This buying technique is the practice of investment firms, mutual funds, and other large, accredited investors. A good Private Investment in Public Equity is one in which common or preferred stock is issued to the investor at a set price, while a structured Private Investment in Public Equity issues common or preferred shares of convertible debt. The purpose of Private Investment in Public Equity is to add capital for a public company to that of a stock issuer. This financing technique tends to be more efficient than other offerings due to fewer regulatory issues with the Securities and Exchange Commission (SEC).