SPACs have raised funds at substantial rates, attracting more and more high-profile investors. McKinsey & Company reviewed the performance of recent SPACs, which they declare a mixed track record, and found a strategy that has produced success: SPACs that are led or co-led by operators rather than solely by investors tend to outperform throughout the deal cycle. One year after taking a target public, operator-led SPACs traded about 10 percent higher than their sector index and much better than other SPACs (a premium of about 40 percent). Read more.
McKinsey & Co.: A Recipe for Long-Term SPAC Success
