Ackman considers $3bn fund IPO in quest for permanent capital
By Suzy Kenly Waite
Thu Jun 16, 2011
The activist chief of Pershing Square is mulling how to secure more stable financing.
||Bill Ackman at Ira
Bill Ackman is in discussions with investors about raising
as much as $3 billion from an initial public offering of a new
fund as a way to secure more permanent capital to finance
Pershing Square Capital Management's activist investing.
The public offering would be for shares in a new hedge fund
that would mirror the firm's flagship strategy. Ackman is not
planning to take the entire firm public, according to people
familiar with his thinking. In addition to conversations with
investors during the past month, Ackman outlined his desire for
obtaining more stable capital in the firm's May 25
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