PITTCO ANNOUNCES ACQUISITION OF MINORITY INTEREST IN PERSHING SQUARE
MEMPHIS, Tenn., June 13, 2024 /PRNewswire/ — Pittco Management, LLC (“Pittco”) is pleased to announce its equity investment in Pershing Square through a primary equity sale transaction. Pershing Square Capital Management, L.P. (“PSCM”) sold a 10% common equity interest in Pershing Square Holdco, L.P. (“Pershing Square”)—a newly formed limited partnership owning 100% of PSCM—to a consortium of strategic investors for $1.045 billion. In addition to Pittco, this consortium includes Arch Capital Group Ltd. (NASDAQ: ACGL), BTG Pactual (BPAC11), Consulta Limited, ICONIQ Investment Management, Menora Mivtachim Holdings, and other investors.