Dan Zwirn Is Launching a SPAC

His firm Arena Investors has posted single-digit returns in four of its five full years of operation.

Daniel Zwirn (Peter Foley/Bloomberg)

Daniel Zwirn

(Peter Foley/Bloomberg)

Dan Zwirn is the latest hedge fund manager to join the SPAC mania.

The credit manager is looking to raise at least $200 million for a special purpose acquisition company called Arena Fortify Acquisition Corp.

The blank check company said in its offering document that it plans to do a deal with a company that has either recently emerged from bankruptcy or will require additional capital as part of a balance sheet restructuring within the broad natural resources industry.


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