Last year, 248 Special Purpose Acquisition Companies were launched on the public markets. That was up from a total of 59 in 2018 and 46 in 2018.
Q4 2020 hedge fund letters, conferences and more
The sector is expected to see further growth in 2021.
This year, 144 SPACs have already been priced, and another 131 are in the pipeline.
Corsair Capital Management believes this presents an attractive opportunity for investors. In the current near-zero interest rate environment, the hedge fund believes that owning a basket of SPACs "offers a very attractive risk reward profile," according to the marketing documents for the firm's new SPAC fund.
SPAC fund
The Corsair SPAC...
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