Goldman Sachs is aiming to snare a bigger share of the booming number of Special Purpose Acquisition Company (SPAC) deals in Asia by having senior bankers specifically target these blank cheque transactions across the region.

Hong Kong-based Raghav Maliah, the global vice chairman of Goldman Sachs’ investment banking division, leads the initiative together with Vikram Chavali and Edward Byun who are also in Hong Kong.

India’s ReNew Power, in which Goldman Sachs is an investor, announced on Feb. 24 it would go public through an $8 billion merger with a blank-check firm in RMG Acquisition Corp II. Goldman Sachs was also an advisor to the company on the transaction.

Read more at Reuters