Chamath Palihapitiya is still all in on SPACs.
The venture capitalist-turned-SPAC-enthusiast filed on Wednesday to raise four more special purpose acquisition companies with a new partner. They add to the six blank-check companies Palihapitiya has already raised. He’s said he plans to set up 26 SPACs and name them alphabetically.
The latest are a partnership between Palihapitiya’s Social Capital and Suvretta Capital Management, an investment firm with an arm that focuses on the health-care industry, according to filings with the U.S. Securities and Exchange Commission.
They are called Social Capital Suvretta Holdings Corp. I, II, II and IV. Palihapitiya is their chief executive