ARC Group launches SPAC opportunity fund, announces first close

ARC Group launches SPAC opportunity fund, announces first close

Photo by Denys Nevozhai on Unsplash

Shanghai-headquartered investment bank ARC Group has launched a $20 million opportunity fund to invest in sponsors seeking to create new special purpose acquisition companies (SPACs).

An open-ended vehicle, the fund will be open to subscriptions every quarter, ARC Group managing director Chittransh Verma said.

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