Milken’s SPAC holdings come via a Brentwood, California-based investment firm called Silver Rock Financial, which once was his family office. Silver Rock has since grown to manage $3.7 billion in assets, assembling a massive SPAC portfolio, to the delight of its original architect. It began trading at a price of $10 in mid-September and Silver Rock disclosed it built a small position that month. Silver Rock’s SPAC portfolio also reveals an interesting reunion for Mike Milken with peers from his glory days at Drexel. Carl Meyer, the chief investment officer and head of Silver Rock didn’t respond to multiple emails seeking comment, or a voicemail.

Source: Forbes May 26, 2021 18:50 UTC