Blaylock Van

Blaylock Van appears on the underwriting syndicate of 5 special purpose acquisition company IPOs in our index, including KKR Acquisition Holdings I Corp., Thoma Bravo Advantage, Empowerment & Inclusion Capital I Corp. and Ajax I. The full list, with the role credited on each cover page, is in the mandates table on this page.

Blaylock Van was credited as a book-running manager on 2 of its 5 SPAC mandates, 40% of them. The remainder are co-manager or syndicate positions, where the economics and the sponsor relationship sit elsewhere.

$4.1B of gross proceeds across every offering Blaylock Van was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $46.4M, being the units the underwriting agreements assigned to Blaylock Van specifically, priced at the $10 standard SPAC unit.

KKR Acquisition Holdings I Corp., which raised $1.4B in Mar 2021. Blaylock Van was credited as a co-manager on that offering.

1 of the SPACs Blaylock Van underwrote closed a combination: Thoma Bravo Advantage. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

Blaylock Van has no live SPAC mandates in our index; every vehicle it underwrote has either closed a deal or wound up.

20%. Of the 5 vehicles Blaylock Van underwrote that have already resolved, 1 closed a business combination and 4 liquidated. The market-wide figure is 13.2%, so Blaylock Van sits above it. SPACs still searching are excluded, because an unfinished clock is not a result. The rate measures the vehicles, not the bank: a syndicate has no control over whether a sponsor finds a target.

We hold a current quote for none of Blaylock Van's closed deals, so no comparison is possible here. Post-merger price history is not part of our dataset, and we would rather say so than imply a ranking the data does not support. What this page does show is the outcome of every vehicle and the trust economics disclosed at the time.

Ajax Capital (1 deal), Empowerment & Inclusion (1 deal), KKR (1 deal), Thoma Bravo (1 deal) and TWC Tech (1 deal). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often Academy Securities (5), Citigroup (4), Loop Capital Markets (4), Siebert Williams Shank (3) and Tigress Financial (3). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced Sep 11, 2020 and the most recent Mar 18, 2021. It has no live vehicles at present.

2021, with 3 mandates worth $2.7B of gross proceeds. The chart on this page shows the full year-by-year run, which for most houses traces the 2020-21 boom and the retreat that followed.

The average offering it has been named on raised $812.5M, against a range from $277.2M to $1.4B. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Technology (2), Generalist (2) and Consumer (1). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

4. A liquidation means the vehicle reached its combination deadline without closing a deal and returned the trust to public shareholders. That is the mechanism working as designed, not a default. Holders who did not redeem got their pro-rata share of the trust back.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from Blaylock Van itself.