Private Equity Firms Aren't Worried About SPACs Anymore
Private equity and venture capital managers don’t see special purpose acquisition companies as competition, at least now that the SPAC “gold rush” is drying up. Fund managers ranked blank-check companies last on their list of top competitors in BDO’s private capital pulse survey in March, reflecting questions about the “longer-term viability of the SPAC model,” the firm said in a report on the findings Monday. Because blank-check companies “may not have the cash on their balance sheets to make the acquisitions,” many SPACs need to secure a private investment in public equity, ...
Source: institutionalinvestor.com