Bill Ackman's Pershing Square Prepares New Venture Fund, Targeting High-Growth Pre-IPO AI Companies

Odaily News As a large number of high-growth startups emerge in fields such as artificial intelligence and biotechnology, private equity and Pre-IPO investment vehicles available to ordinary investors are rapidly increasing. Pershing Square, the investment firm led by billionaire investor Bill Ackman, is preparing to launch a new fund to provide investors with access to high-growth private companies.

Pershing Square has initiated the process of establishing "Pershing Square Ventures." The fund will adopt a "perpetual capital" model, allowing it to hold investment targets for the long term and continue holding stakes even after portfolio companies go public. In a letter to shareholders, Ackman and Pershing Square Chief Investment Officer Ryan Israel stated that the new fund aims to capture investment opportunities in Pre-IPO companies and expand the firm's investment scope beyond public markets. Pershing Square has not yet disclosed the fund's target size, detailed investment strategy, or specific fundraising timeline. (Bloomberg)