While 2020 was the year of the US SPAC, a substantial opportunity for sponsor European SPAC vehicles has emerged as a viable option to raise capital outside the traditional close-ended commingled fund structure, and as a route to exit portfolio companies, Pitchbook predicts in an analyst note.
Only four European SPAC listings closed in 2020, while the US has seen over 220. The outsized activity in the US means a portion of that market share will inevitably move to Europe. Read more (page 4).
