Global SPACs raised $79 billion in 2020; and $24.26 billion in January 2021 alone. 

Sponsors are now racing to find acquisition targets, even as even more continues to be raised in SPACs. And Asia is a prime hunting ground, with a number of ready-to-list tech unicorns. 

Southeast Asia, too, has caught the SPAC fever, even as the vehicle’s track record remains patchy. 

What is making players, including venture capital and private equity firms, jump into the SPAC fray? What makes for a successful de-SPAC? Are SPACs likely to disrupt deal flow for alternative asset firms?