SPAC Cash Surge to Upend Private Equity, Venture Deals
SPACs have amassed more than $92 billion from 286 initial public offerings this year, already more than all of 2020, and with this unprecedented rush for deals has created both headaches and opportunities for private equity, growth equity and venture capital managers. Our CEO, David Conrod, spoke with Tom Stabile at Fundfire about how SPACs are putting pressure on PE and VC firms as they represent a new kind of buyer for deals that did not exist 12 months ago.