Ackman’s firm prepares evergreen vehicle for pre-IPO investing
Bill Ackman’s investment firm is preparing a new vehicle that would allow investors to gain exposure to companies before they go public, making it the latest firm to offer investors access to high-growth startups through a new fund. Ackman and the company’s chief investment officer, Ryan Israel, said in a Wednesday letter to shareholders that Pershing Square Inc. had begun preparing the Pershing Square Ventures Ltd. fund. The vehicle is designed as an evergreen, permanent-capital investment vehicle that could continue holding stakes in portfolio companies after they go public, according to Bloomberg.
Bill Ackman’s investment firm is preparing a new vehicle that would allow investors to gain exposure to companies before they go public, making it the latest firm to offer investors access to high-growth startups through a new fund.
Ackman and the company’s chief investment officer, Ryan Israel, said in a Wednesday letter to shareholders that Pershing Square Inc. had begun preparing the Pershing Square Ventures Ltd. fund.
The vehicle is designed as an evergreen, permanent-capital investment vehicle that could continue holding stakes in portfolio companies after they go public, according to Bloomberg.
Ackman and the company’s chief investment officer, Ryan Israel, said in a Wednesday letter to shareholders that Pershing Square Inc. had begun preparing the Pershing Square Ventures Ltd. fund.
The vehicle is designed as an evergreen, permanent-capital investment vehicle that could continue holding stakes in portfolio companies after they go public, according to Bloomberg.