More Sovereign Wealth Fund SPAC Action, as GIC Sees Promise in View Inc Posted on 01/11/2021 SPACs are giving life to profitless unicorns in the renewable sector, whether in electric vehicles or building supplies. Blank check company CF Finance Acquisition Corp. II (Nasdaq: CFII) (“CF II”) and Milpitas-based View, Inc. announced GIC Private Limited, Singapore’s sovereign wealth fund, has agreed to invest an additional US$ 200 million in the previously announced private investment in public equity (PIPE) issuance. The additional investment from GIC increases the fully committed PIPE investment from US$ 300 million to US$ 500 million. On November 30, 2020, CF II, a special purpose acquisition company sponsored by Cantor Fitzgerald, and View, Inc., a Silicon Valley-based smart window company, entered into a definitive merger agreement. The transaction is now expected to deliver up to US$ 1 billion of gross proceeds including the contribution of US$ 500 million of cash held in CF II’s trust account from its initial public offering. The combined company will be called View, Inc. and is expected to be publicly listed on Nasdaq following the close of the transaction.