AltMountain

Pershing Square International, Ltd.

George Town, Grand Cayman, Cayman Islands · CIK 1324919 · Managed by Pershing Square Capital Management, L.P.
506(c)Offshore

Pershing Square International, Ltd. is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jun 16, 2026, the fund has sold $2,901,321,627 of interests to 200 investors since its first sale in Jan 2005. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Martin Lang; Michael Gonnella; Ebony Myles-Berry.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Pershing Square Capital Management, L.P., which manages it, disclosed U.S. stock holdings that returned an estimated -9.0% 2026 YTD through Mar 31 (S&P 500: -4.6%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q1 2026, the estimate is -1.2% (S&P 500: +19.5%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$2,901,321,627Cumulative sales reported on Form D
Investors
200
First sale
Jan 1, 2005
Minimum investment
$50,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(c)May advertise; investors must be verified as accredited
Key people and entities
Martin Lang; Michael Gonnella; Ebony Myles-Berry
Latest Form D
Jun 16, 2026

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction

Questions about Pershing Square International, Ltd.

What is the minimum investment for Pershing Square International, Ltd.?

According to its latest Form D, filed Jun 16, 2026, the minimum investment Pershing Square International, Ltd. accepts from an outside investor is $50,000.

Who can invest in Pershing Square International, Ltd.?

Pershing Square International, Ltd. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.

How much has Pershing Square International, Ltd. raised?

Pershing Square International, Ltd. reports $2,901,321,627 sold from 200 investors on its Form D filed Jun 16, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Pershing Square International, Ltd. based?

Pershing Square International, Ltd. is based in George Town, Grand Cayman, Cayman Islands and is managed by Pershing Square Capital Management, L.P..

When did Pershing Square International, Ltd. launch?

Pershing Square International, Ltd. reports its first sale in Jan 2005.

Size compared with every hedge fund

Raised more than 96% of the 2,363 hedge funds based in Cayman Islands, and more than 97% of all 10,307 that report sales.

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