Pershing Square Outlines Q1 Launch Target for New $500M-$1B Venture Fund
Pershing Square (NYSE: PS) has announced plans to launch Pershing Square Ventures, a new fund targeting an initial size between $500 million and $1 billion. The firm aims to initiate this venture-focused vehicle during the first quarter of the upcoming year. During a recent management discussion, CEO William Ackman addressed the volatility inherent in the firm's publicly traded capital base due to mark-to-market accounting. He emphasized that investors should focus on the fundamental progress of underlying portfolio companies rather than short-term fluctuations in assets under management (AUM).
Tickers: $PS
Topics: AUM volatility Capital structure Investment strategy
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Part of the story Pershing Square Outlines Growth Strategy and New Venture Fund Launch (4 articles)