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ReNew Energy Global (RMG Acquisition II) Priced, Nasdaq: RNW

Second blank check company formed by Riverside's James Carpenter and former Carlyle exec Robert Mancini (completed 8/23/2021).

Industry: SPAC

First Day Return: +2.7%

We are a newly incorporated blank check company. We intend to capitalize on the ability of our management team to identify, acquire and operate businesses across a broad range of sectors, that may provide opportunities for attractive long-term risk-adjusted returns. We intend to partner with the management and owners of high-quality companies seeking an alternative to a traditional initial public offering. Over the course of their careers, the members of our management team, Board and Advisory Board and their affiliates (including Riverside Management Group) have developed a broad network of contacts and corporate relationships that we believe will serve as a useful source of opportunities. This network has been developed through both investing and operating experience across a broad range of sectors, including diversified industrials, business services, technology, telecommunications, media and entertainment, pharmaceutical and consumer healthcare, financial services and financial technology, consumer products, energy and power, real estate including real estate services and related businesses, environmental services, mobility and electrification of the transportation industry and insurance and insurance related services. We expect these networks will provide us with a robust flow of opportunities ranging from $1.0 billion and $4.0 billion in enterprise value.

ReNew Energy Global (RMG Acquisition II) (RNW) Performance

Created with Highcharts 10.3.2Chart context menuRNW vs. IPO Index (IPOUSA)Jan '21Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25-50%0%-100%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index