Spac’s private equity dilemma: better in or outside the fund?

Many private-equity firms have embraced the recent boom of special-purpose acquisition companies, but whether they rely on their own money or the funds they manage is a decision that some investors hotly debate.

“Who’s sponsoring the SPAC—the firm or the fund—is probably the most important question,” said Brendon Parry, a managing director who oversees private investments at TIFF Investment Management, an asset manager for nonprofit organizations. READ MORE