Former Credit Suisse boss launches new fund to invest in Human Longevity | Financial Times

Former Credit Suisse boss launches new fund to invest in Human Longevity | Financial Times: Former%20Credit%20Suisse%20chief%20executive%20Tidjane%20Thiam%20has%20launched%20a%20new%20fund%20to%20invest%20in%20life%20sciences%20firm%20Human%20Longevity%20after%20dropping%20plans%20to%20merge%20his%20blank%20cheque%20company%20with%20the%20California-based%20start-up.%0A%0AThiam%20co-founded%20the%20Free%20Tiger%20Fund%20to%20invest%20in%20late-stage%20venture%20groups%2C%20including%20Human%20Longevity%2C%20previously%20in%20advanced%20talks%20to%20merge%20with%20his%20special%20purpose%20acquisition%20company%2C%20Freedom%20Acquisition%20Corp.%0A%0AHowever%2C%20Thiam%20told%20the%20Financial%20Times%20that%20Human%20Longevity%20was%20not%20ready%20to%20be%20listed%20on%20the%20stock%20exchange%2C%20which%20led%20to%20Freedom%20merging%20with%20another%20firm%20Complete%20Solaria%20on%20Monday.%0A%0ASpacs%20are%20shell%20companies%20that%20list%20on%20stock%20exchanges%2C%20using%20their%20funds%20to%20identify%20private%20companies%20they%20can%20acquire%20and%20take%20public%20through%20a%20reverse%20merger.%0A%0AThey%20are%20generally%20required%20to%20complete%20a%20deal%20within%20two%20years%20of%20their%20float%20or%20they%20must%20return%20the%20money%20raised%20to%20investors.%0A%0AThiam%20has%20established%20the%20Free%20Tiger%20Fund%20with%20Edward%20Zeng%20and%20Adam%20Gishen%2C%20the%20two%20other%20co-founders%20of%20Freedom.%0A%0A%u201CWe%u2019re%20excited%20about%20Human%20Longevity%2C%20but%20they%20are%20just%20not%20ready%20for%20listing%2C%u201D%20Thiam%20said.%0A%0A