Pershing Square Holdings said it noted that Pershing Square Capital Management, which serves as PSH's investment manager, announced a sale to strategic investors of a 10% common equity interest in Pershing Square Holdco, L.P., a newly formed limited partnership that owns 100% of Pershing Square Capital Management. The sale is for a purchase price of $1.05 billion and is to a consortium of strategic investors including Arch Capital Group Ltd. (ACGL), BTG Pactual, Consulta Limited, ICONIQ Investment Management, Menora Mivtachim Holdings, an international group of family offices, and other investors.
In connection with the deal, Pershing Square Capital Management is completing an internal reorganization of its ownership structure which will result in the voting securities of Pershing Square Holdco being indirectly owned by a limited liability company, an entity which will be controlled by senior management of Pershing Square Holdco including Bill Ackman who is the largest shareholder of the LLC. Ben Hakim has been appointed as President of PSCM.
In connection with the reorganization, each of PSCM's funds, including Pershing Square Holdings, approved the deemed assignment of its Investment Management Agreement.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.