Chelsea M. Childs

2 months ago | mondaq.com | Chelsea M. Childs |Michael Doherty |Andrew Lawson

Bill Ackman has announced plans to attempt to reshape his hedgefund business, Pershing Square, into a diversified conglomerateakin to Warren Buffett's Berkshire Hathaway. Ackman'slatest proposal involves acquiring shares in Texas real estatedeveloper Howard Hughes Holdings, aiming to turn it into aconglomerate that can compete with private equity firms and largecorporations.

Aug 29, 2024 | lexology.com | Chelsea M. Childs |Catherine Skulan

Click here to listen to the audioOn this Ropes & Gray podcast, asset management partners Chelsea Childs and Catherine Skulan discuss considerations for private fund managers seeking to explore the expansion of their business into alternative retail products.

Apr 21, 2024 | lexology.com | Edward Baer |Chelsea M. Childs |Michael Doherty |Thomas Hiller |James McGinnis |Paulita A. Pike | +7 more

Welcoming Remarks Speaker: Terry Nilsen President and Chief Operating Officer, Hennessy Advisors Ms. Nilsen welcomed the crowd and provided details about the conference, noting that the panels would cover topics such as artificial intelligence (AI), the pace and scope of regulatory proposals, environmental, social and governance (ESG) issues and many others. She noted that ICI President Eric Pan would have a fireside chat with Commissioner Peirce.

Apr 16, 2024 | lexology.com | Chelsea M. Childs |Melissa Bender

Amidst an otherwise slow closed-end fund IPO market, a new fund – Destiny Tech100 Inc. (DXYZ) – has garnered industry attention and a significant premium for its stock. In fact, to say that DXYZ’s premium was “significant” is an understatement. In its first days of trading, the stock’s market price on the New York Stock Exchange reached nearly $100 per share while its net asset value (NAV) per share was approximately $5 – a premium of well over 1000%.

Mar 4, 2024 | mondaq.com | Melissa Bender |Michael Doherty |Chelsea M. Childs

Pershing Square Capital Management, L.P., led by renowned investor Bill Ackman, has made headlines by filing for a new listed closed-end fund, Pershing Square USA, Ltd. (PSUS). The filing comes at a time when the market for listed closed-end fund IPOs has been stagnant in recent years, making PSUS's $10 billion fundraising goal all the more ambitious.