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The Nexus
BUSINESSApr 29 · 00:29 UTCBLOOMBERGGeorgie McKay

Ackman’s Fund IPO Raises $5 Billion for Permanent Capital Plan

Bill Ackman's Pershing Square Capital Management LP raised $5 billion through an IPO to fund a permanent capital plan. The offering highlights significant investor confidence in Ackman's strategy for long-term capital deployment.

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