Blank-Check Dealmakers Seek to Raise $100 Million for SPAC Fund
- Easterly Alternatives fund plans to invest in 10 to 15 SPACs
- Such entities have raised a record $41 billion so far in 2020
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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.