Top 5 SPACs to Buy According to Richard Gerson’s Falcon Edge Capital

3. TPG Pace Tech Opportunities Corp. (NYSE:PACE)

Falcon Edge Capital’s Stake Value: $44.201 million

Percent of Falcon Edge Capital’s Portfolio: 2.82% 

Number of Hedge Fund Holders: 31 

TPG Pace Tech Opportunities Corp (NYSE:PACE) is one of many special purpose acquisition companies of TPG. The parent group TPG operates worldwide with offices in Beijing, Hong Kong, London, Fort Worth, and Luxemburg. TPG has more than $96 billion of assets under its management.

TPG Pace Tech Opportunities Corp (NYSE:PACE) went public in October 2020, raising around $450 million. TPG Pace Tech Opportunities Corp (NYSE:PACE) is focused on acquiring businesses in the tech industry.

On January 29, 2021, TPG Pace Tech Opportunities Corp (NYSE:PACE) signed a definitive agreement to acquire Nerdy Inc. On September 20, 2021, the business combination closed and the new entity began to trade as Nerdy Inc. (NYSE:NRDY). Nerdy Inc. (NYSE:NRDY) is an online learning platform with a curated gig economy. Founded in 2018, the platform acts as a platform to connect tutors to students.

As of the second quarter of 2021, Falcon Edge Capital has 4.45 million shares, valued at $44.201 million. TPG Pace Tech Opportunities Corp (NYSE:PACE) accounts for 2.82% of the 13F portfolio of Richard Gerson’s Falcon Edge Capital. With this, TPG Pace Tech Opportunities Corp (NYSE:PACE) ranks third on our list of top 10 SPACs to buy according to Richard Gerson’s Falcon Edge Capital.