A consortium of investors including Arch Capital, BTG Pactual, Consulta, ICONIQ, Menora Mivtachim, agreed to acquire a 10% stake in Pershing Square Holdco, a newly formed limited partnership, from Pershing Square Capital, a private equity firm, for $1.05bn. “We are delighted to invite a group of world-class, long-term partners as investors in our business, which has been entirely owned by Pershing Square employees since our inception more than 20 years ago. This new investment will help accelerate our growth in assets under management in existing and new strategies. As always, Pershing Square will remain intensely focused on generating high, long-term returns for our investors," Bill Ackman, Pershing Square Founder and CEO.