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Family Offices: Karen Pritzker, Dan Och, Ed Freedman Bet on SPACs
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The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.
Karen Pritzker
Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as
Snap Inc. and
The Pritzker Vlock Family Office is the anchor investor for
Thimble Point Acquisition Corp., a special purpose acquisition company that raised almost $300 million in an initial public offering in February. Executives from the family office, named after Pritzker and her late husband
Family Offices Targeting 800% Returns with SPAC Economics But family offices the discrete, sometimes secretive firms that manage the affairs of the ultra-rich have been one of the biggest driving forces.
Apr 16, 2021
(Bloomberg) The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.
Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap Inc. and Spotify Technology. Now she’s joined the wave of investors turning to blank-check firms.
The Pritzker Vlock Family Office is the anchor investor for Thimble Point Acquisition Corp., a special purpose acquisition company that raised almost $300 million in an initial public offering in February. Executives from the family office, named after Pritzker and her late husband Michael Vlock, are leading the venture, which will focus on software and technology.
Best SPAC Opportunities for Monday
With the SPAC market slowing down and starting to clear out, some investors are looking for upside with announced deals. In addition, investors continue to look in the bargain bin for yield as well.
Author:
Apr 5, 2021
Last week we saw the SPAC IPO market close for business with only 2 SPACs pricing. This is good news as the market needs to clear out so that investors can get excited again about good SPACs and good deals. Given that there has been no IPO pop and very little deal announcement pop lately though CMII and AJAX had a some SPAC investors are starting to look at a combination of strong sponsor/teams with SPACs that already have announced deals.
SPAC Weekly Wrap: Stock Issuance Grinds to a Halt. Time for Deals
In a dramatic reversal of the last few months, the SPAC IPO market essentially closed this week as only 2 IPOs priced and just a handful of new S-1s.
Author:
Apr 2, 2021
The week ends on a quiet note as the stock market was closed for Good Friday. Looking back, this week might be remembered as the moment when the SPAC market exuberance finally caught up to itself, and the market really cooled off. All this week we ve been noting how issuance has slowed and SPACs are routinely trading weaker.