Tag Archives: Permanent Capital
Pershing Square’s 22% Closed-End Discount Becomes Ackman’s Biggest Allocator Problem:
HedgeCo.Net — Pershing Square used its first earnings season as a public company to concede what closed-end-fund specialists already knew: Pershing Square USA, the $5 billion vehicle listed in April, is trading at a 22% discount to net asset value, […]
Apollo Sports Capital Commits $2.6 Billion Hybrid Financing to Yankees Owner:
HedgeCo.Net — Apollo Sports Capital’s $2.6 billion financing agreement with Yankee Global Enterprises is less a trophy-asset headline than a working template for how permanent capital is now used to recapitalize sports franchises at the intersection of private equity, private […]
Ackman’s Dual IPO Bet: Pershing Square Tests the Public Markets with $2.8 Billion Backing:
(HedgeCo.Net) Bill Ackman is once again stepping into the spotlight—this time with a bold new attempt to bridge the gap between public markets and alternative investments. His firm, Pershing Square Capital Management, has initiated a roadshow for a dual initial public offering (IPO) […]
Permanent Capital Hits $1.5 Trillion: The Structural Shift Redefining Alternative Investments:
(HedgeCo.Net) The alternative investment industry has entered a decisive new phase—one defined not by quarterly performance volatility or redemption cycles, but by permanence. The world’s largest alternative asset managers—Apollo Global Management, Ares Management, Blackstone, Carlyle Group, and KKR—collectively referred to as the “Big 5,” […]