Risk
SPACs Get More Bad News as Several Close
The pullbacks of Palihapitiya, Ackman and other investors illustrate the blank-check companies’ rough road.
Tag: SPACs
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Buyout Deadlines: Hundreds of SPACs Face Shutdowns if They Can’t Deliver
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Alternatives
Op-Ed: The Green Gambit—Investing for Corporate Strategic Advantage in the Post-COVID-19 World
Alan Martinovich, with global management consultancy Arthur D. Little, says now is the time to make intentional moves that will drive green transformation.
Good SPAC, Bad SPAC: How the Jiffy IPO Method Is Regaining Favor
Ever since the SEC’s spring crackdown, these once-popular investments have wilted. But their excesses are being leached away.
Market Moves
Buy Tech, But Not the Big Boys, and Use Private Equity, UBS Says
PE is a much better way to own technology companies, and there are more pickings, the bank argues.
Exclusive: Why Sam Zell Is Bullish on Offices—But Won’t Invest in Them Anymore
And where the Grave Dancer is branching out into other things instead, juggling businesses like logistics, health care, and energy.
Risk
Bill Miller Isn’t Buying the Negative Take on SPACs
Recent downdraft has made some good blank check companies into enticing bargains, the value guru argues.
Market Moves
Some SPACs Just Plain Stink, Warns Investing Hotshot Barry Sternlicht
The Starwood chief, who has his own blank check fund, thinks amateurs are taking advantage of the fad, to investors’ detriment.
Chamath Palihapitiya Weighs Lessons from a ‘Tough Week’
With his deals seeing double-digit declines, the venture capital star encourages fellow investors not to be afraid of making changes.
Are SPACs Too Good to Be True?
The blank check outfits sure are popular. But issuers have the upper hand over investors, performance is a mixed bag, and they face possible tough competition.