Vacasa will debut this fall, merging with special purpose acquisition company TPG Pace Solutions.
that Vacasa was considering going public via SPAC and held meetings with Social Capital's Chamath Palihapitiya and Altimeter Capital's Brad Gerstner.
"Part of the reason to do this transaction is to get more capital on the balance sheet, to increase our lead. And that means getting more homes and to continue to build out the tech stack to drive more product differentiation," said Karl Peterson, senior partner at private equity firm TPG and president of the SPAC TPG Pace Solutions.
"Airbnb was a great mark for the industry and validated the alternative accommodation space," added Roberts. While the highly contagious variant may not be affecting Vacasa's business as of now, Peterson is keeping a close eye on the effect it could have on the economy.
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