SPACs brought in about $12 billion of capital in both October and November, about double the figure for the three prior months.
SPACs brought in about $12 billion of capital in both October and November, about double the figure of the three prior months, according to Dealogic data cited by The Wall Street Journal.
Meanwhile, the levels of dry powder — the industry term for cash available for investment — hit $440 billion for venture capital funds and $310 billion for growth private equity funds this month, according to Preqin data cited by The Journal.
Morningstar analyst Greggory Warren assigns the New York investment firm a narrow moat.
Read more/Source: The Street
