A group of Wall Street veterans just raised $250 million to chase down deals in the red-hot cannabis sector. Its CEO explains how it got Credit Suisse on board.

Silver Spike Capital last week raised $250 million for a cannabis-focused investment firm through a special purpose acquisition company or SPAC.  The firm is expected to raise additional capital over the next year for a direct lending arm, a private equity fund, and a hedge fund for public markets opportunities. Credit Suisse acted as the sole book-runner on the SPAC, becoming the first bulge bracket investment bank to lead a US cannabis offering.  Sign

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