Private equity firms that sponsor blank-check companies raise the potential for conflicts of interest with their own funds, according to PitchBook.
A Bet On Rising Rates Drives Ackman’s First Quarter Gains
Bill Ackman’s flagship hedge fund ended the first quarter with a gain of 7.2 percent, after adding 0.60percent during March.
With the Boom in SPACs, Private Companies Are Calling the Shots
With the boom in special purpose acquisition companies, privately held companies are getting the upper hand with sellers, sponsors are giving up equity, and deals are closing at record rates, according to an analysis of 2020 data on SPACs by law firm Freshfields.