Not all SPACs will ‘make it over the end line,’ Gary Cohn says


Gary Cohn, adviser to Springcoin Inc. and former director of the U.S. Nationwide Financial Council, speaks throughout the Context Summits Management Day in Miami, Florida, U.S., on Wednesday, Jan. 30, 2019.

Scott McIntyre | Bloomberg | Getty Photos

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Particular function acquisition firms are on monitor for a record-setting 12 months, however former Trump financial adviser Gary Cohn advised CNBC on Monday that not all SPACs are going to “make it over the end line.”

His feedback come after he teamed up with former hedge fund supervisor Cliff Robbins to launch their very own SPAC. Known as Cohn Robbins, the fund initially sought to lift $600 million, however has since boosted the providing to $720 million.