SPACs: The Sequel - VP Thematic
> Since our January SPAC thematic a lot of froth has come out of the SPAC market. We now see interesting long opportunities emerging.
> The SPAC IPO frenzy we saw at the start of 2021 is cooling, leading to better risk-reward for the average SPAC.
> A look at some SPAC case studies shows new dynamics in the market, some of which investors can trade, e.g. cheap optionality.
> Our partner Elevation has picked a basket of long SPAC and deSPAC companies that fit key investment criteria: quality operator-led and capital-allocator sponsor, existence of a business moat, equitable shareholder terms. (DGNS, GSAH, TPGS, JBI, SKIL, NRDY, HLMN, ETWO).
> The SPAC IPO frenzy we saw at the start of 2021 is cooling, leading to better risk-reward for the average SPAC.
> A look at some SPAC case studies shows new dynamics in the market, some of which investors can trade, e.g. cheap optionality.
> Our partner Elevation has picked a basket of long SPAC and deSPAC companies that fit key investment criteria: quality operator-led and capital-allocator sponsor, existence of a business moat, equitable shareholder terms. (DGNS, GSAH, TPGS, JBI, SKIL, NRDY, HLMN, ETWO).
ThematicEquity SectornoramSingle StockDM
