They are a newly organized blank check company. Their sponsor is affiliated with Dragoneer Investment Group, LLC (“Dragoneer”), a registered investment adviser under the Investment Advisers Act of 1940, as amended, which was established in 2012 and had over $14 billion of assets under management as of December 31, 2020. They intend to pursue opportunities with private, high-quality growth companies. They will use their experience in sourcing transactions and portfolio company due diligence to seek to identify and negotiate a combination with an exceptional business. Their team focuses on software, internet, media, consumer/retail, healthcare IT and financial services/fintech, and their expectation is that their ultimate target will be in one of those sectors, although they may consummate a transaction with a business in a different industry. They believe that now is a particularly attractive time to pursue a business combination. A great deal of uncertainty exists around the initial public offering (“IPO”) process. In addition, there is a great deal of expense, preparation and commitment of time and resources required by a management team to conduct a traditional IPO or direct listing.