Bill Ackman Is Launching a New Way to Invest in Pre-IPO Companies
Key PointsPershing Square Ventures will enable investors to gain access to late-stage private companies.
Bill Ackman, the CEO of Pershing Square (NYSE: PS), has just launched a new closed-end investment fund, Pershing Square USA (NYSE: PSUS), in April. This fund allows U.S. investors to easily invest alongside him. However, Ackman sees potential in another area of the U.S. market - pre-IPO companies.
In response to this opportunity, Pershing Square announced the upcoming launch of Pershing Square Ventures, Ltd. This is a small closed-end fund that will focus on investing in late-stage private companies. Ackman believes that his team is well-equipped to invest in these private companies, noting that Pershing Square has already made some positions on its own balance sheet outside of its funds.
Moreover, Ackman argues that starting a venture fund and researching more start-ups will likely lead to better results for investors in Pershing Square's existing funds.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
