IPPPs may be created by the formation of a mixed-economy enterprise, but may also arise when a private company assumes control of what was a public concern, i.e. by changing the share ownership.
Institucionāla VPP var veidoties, nodibinot jaunu uzņēmumu ar jauktu (privātu un valsts) kapitālu, vai arī privātai personai pārņemot kontroli valsts uzņēmumā, t. i., mainot uzņēmumā dalību.