Private Equity Findings
Issue 18 2022Featured article: WINNERS AND LOSERS
Who really gains from SPAC investments
THE RIGHT RECIPE?
How governments spend public money on private markets
A HELPING HAND
What kinds of value-add can entrepreneurs expect from VC backers?
MYTHICAL NO MORE
Why unicorns are becoming commoner by the day

Winners and Losers
Special purpose acquisition companies have seen a resurgence since the start of the pandemic and nowhere more so than in the US. But who really gains from SPAC transactions? And do they play a useful role in public markets? Three new research papers examine these issues.
Research & comment from
Boston College
Carroll School of Management
Harvard Business School
Harvard University
New York University School of Law
The University of Texas at Austin
University of Florida
University of St. Gallen
Editors

Professor Josh Lerner
Head of Entrepreneurship Department, Harvard Business School

Jeremy Coller
Chief Investment Officer, Coller Capital