Ackman's Pershing Square raising $1 billion, eyeing IPO, source says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
0mins
Source: reuters
Bill Ackman's Hedge Fund Funding and IPO Plans:
- Pershing Square Capital Management, led by billionaire Bill Ackman, is finalizing a $1 billion funding round with institutional investors and family offices.
- The firm, with $16.3 billion in assets, is being valued at $10.5 billion by investors.
- A new investment portfolio, Pershing Square USA, will be launched with roughly $500 million from the funding round.
- The fund will offer lower fees and quicker access to capital, potentially attracting Ackman's social media followers.
- An IPO for Pershing Square could happen in 2022 or 2026.
Comparison with Other Investment Firms:
- Ackman's business structure is likened to Ares Management Corp and Blue Owl Capital, which have significant assets and market capitalizations.
- Ackman's Pershing Square returned 26.7% last year, outperforming the broader stock market.
Market Context:
- Man Group, another listed investment firm, has $175.7 billion under management and a market capitalization of around $4 billion.
- Ackman did not respond to requests for comments on the funding and IPO plans.
Analyst Views on OWL
Wall Street analysts forecast OWL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OWL is 21.13 USD with a low forecast of 18.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
12 Buy
3 Hold
0 Sell
Strong Buy
Current: 15.690
Low
18.00
Averages
21.13
High
28.00
Current: 15.690
Low
18.00
Averages
21.13
High
28.00
About OWL
Blue Owl Capital Inc. is an alternative asset management company. The Company deploys private capital across Credit, GP Strategic Capital and Real Estate platforms on behalf of institutional and private wealth clients. Its product platforms include Credit, GP Strategic Capital and Real Estate. Its credit products offer private financing solutions primarily to upper-middle-market companies. Its credit products are offered through a mix of business development companies, long-dated private funds, managed accounts and collateralized loan obligations. It is focused on acquiring equity stakes in or providing debt financing to private capital firms. Its Real Estate products are focused on acquiring triple net lease real estate occupied by investment-grade or creditworthy tenants. Its Real Estate products are offered through Permanent Capital vehicles, including its real estate investment trusts, and long-dated private funds. It offers asset management services to the insurance industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
