The new SPAC intends to focus on middle market and emerging growth technology-focused companies in the Americas, in SaaS and technology or fintech and financial services.
C5 intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity and Energy Transition.
PAG is one of Asia’s largest private investment management groups with approximately $40 billion AUM. The group had previously announced its intent to purchase up to $200 million in the SPAC's shares.