Reported 4 months ago
Billionaire Bill Ackman's hedge fund Pershing Square Capital Management is finalizing a funding round of approximately $1 billion with institutional investors and family offices and is considering an IPO in the future. The firm, valued by investors at $10.5 billion, will establish Pershing Square USA with half of the raised funds, offering lower fees and easier access to capital. The other half will be used for new funds. While the potential IPO may occur in 2026, Ackman's business model is compared to Ares Management Corp and Blue Owl Capital rather than traditional hedge funds. Pershing Square, known for its activist campaigns, notably returned 26.7% in 2023. The firm has a publicly listed fund in Europe as well.
Source: YAHOO