Ackman's Pershing Square Fund IPO Raises $5 Billion For Permanent Capital Plan
Bill Ackman, chief executive officer of Pershing Square Capital Management LP, center, rings the opening bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, April 29, 2026. Bill Ackman's combined initial public offering for his closed-end fund and alternative asset manager raised $5 billion, adding to the billionaire's war chest for Warren Buffett-style long-term investments. Photographer: Michael Nagle/Bloomberg via Getty Images

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