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Sale to a group of family offices and investment firms comes as the hedge fund plots IPO

Pershing Square USA distances itself from its CEO’s comments

Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy

Plus, the big hopes hanging on the UK’s IPO market this year and Jefferies lands a mega healthcare deal

No Go! No Go! Ackman

Plus, cash piles up, investing in classic cars, and school’s out for summer

Plus, a shocking bankruptcy court ruling for private equity lawyers and Intel venture arm’s big bets in China raise US alarms

Plus, Revolut finally secures its banking licence and what the US presidential ticket means for antitrust

Plus, private credit giant HPS gets a huge capital injection and Cargill feels the commodities hangover

Plus, the hedge funds getting squeezed by UK takeovers and the final hours of the Paramount-Skydance bid