-
Blank-Check Dealmakers Seek to Raise $100 Million for SPAC Fund
A team of blank-check company dealmakers is seeking to raise $100 million for a fund that will invest exclusively in special purpose acquisition companies. Boston-area investment firm Easterly Alternatives plans a fund that will invest in as many as 15 SPACs, according to documents reviewed by Bloomberg. The firm and its partners say they’ve been involved in more than 50 SPAC initial public offerings in the past five years and say the fund will be the first of its kind. The fund will primarily target new-issue blank-check companies that are repeat SPAC issuers and have “former public company executives on the ... (full story)