Bill Ackman filed a registration statement Tuesday for Pershing Square USA, Ltd., his closed-end investment company targeting up to $10 billion in its combined public and private offering at $50.00 per share.
The filing, submitted to the SEC on Form N-2, is the most detailed public disclosure yet of how Ackman intends to build a permanent capital vehicle around his concentrated equity strategy and how a $2.1 billion specialty reinsurance acquisition fits into that larger design.
