Overview
- Pershing Square announced it is evaluating an investment in an unnamed Mexican company and will begin exhaustive due diligence after meeting the target’s management at the end of next week.
- The visit followed the listing of Pershing Square USA and Pershing Square on Mexico’s Sistema Internacional de Cotizaciones, and Ackman took part in the Bolsa Mexicana de Valores opening-bell event.
- Ackman said Mexican investors committed substantial capital to Pershing Square’s U.S. listing, citing 'several hundreds of millions' and a reported figure of $700 million from pension funds, family offices and insurers.
- He described Mexican equities as 'quite cheap' and flagged manufacturing and nearshoring as the most attractive sectors tied to U.S. reindustrialization and regional supply-chain shifts.
- Pershing Square currently has no direct investments headquartered in Mexico or Latin America and said policy changes and improved security are needed to turn valuation opportunities into sustained investment flows.