Pershing Square Capital Management, L.P. Reports Primary Sale Of 10% Common Equity Interest In Pershing Square Holdco, L.P. For $1.05B To Consortium Of Strategic Investors Including Arch Capital

The consortium of strategic investors include Arch Capital, BTG Pactual (BPAC11), Consulta Limited, ICONIQ Investment Management, Menora Mivtachim Holdings, an international group of family offices, and other investors.

Concurrent with the closing of the minority investment, Pershing Square has established an independent Board of Directors consisting of five independent directors and four affiliates of PSCM.