Keep pulling the thread on Bill Ackman.
Pershing Square has raised $5 billion for a U.S. dual IPO.
Pershing Square has generated an average return on equity of 19% annually for the past 22 years.
Pershing Square has generated a 24.9% annualized return over the last eight years, a period during which it has had permanent capital.
Bill Ackman has previously suggested that Pershing Square could grow its assets under management to $1 trillion within 20 years through compounding.
Following its IPO, Pershing Square will have approximately $25 to $26 billion in fee-paying assets under management.
At the recent market bottom, Pershing Square's portfolio models projected a forward three-year IRR of over 30%.
Pershing Square's current portfolio models project a forward three-year IRR in the mid-20% range.
Howard Hughes Holdings has signed an agreement to acquire Vantage Holdings.
Bill Ackman believes Pershing Square can deploy its newly raised capital within weeks, not months.
Bill Ackman believes that stocks such as Uber and Meta are currently very cheap.
Pershing Square's new publicly listed fund, PSUS, is being taken public at its book value.
The new publicly listed Pershing Square fund (PSUS) will not charge incentive fees, unlike other Pershing Square funds.