Bill Ackman is launching Pershing Square Ventures Ltd., a new evergreen permanent capital vehicle that will give everyday investors access to private companies before they go public. The fund, targeted for launch by fall or end of 2026 with a planned SEC filing, will be seeded with private investments from Pershing Square's balance sheet and Ackman's family office, and will hold companies both before and after their IPOs. Ackman said on Pershing Square's Aug. 13 earnings call that the average investor's first chance to invest in SpaceX was at a $1.5 trillion valuation, while he invested at much lower valuations, and he wants to give that opportunity to the average person. The fund will target companies valued from hundreds of millions to over $10 billion, and comes as OpenAI targets a $1 trillion valuation and Anthropic has filed confidential IPO documents.
Meta Platforms Inc.
Microsoft Corporation
Netflix Inc
Pershing Square Inc.
