Private equity firm True Wind Capital raises $525M in latest ‘blank check’ IPO

Private equity firm True Wind Capital's blank check IPO raised $525 million on Friday in the 13th such offering by investors from the region this year. San Francisco-based TWC Tech Holdings II Corp., led by True Wind founding partners Adam Clammer and James Greene Jr., plans to use the funds to help take a yet-to-be-determined tech company public through a reverse merger. There have now been 93 IPOs by special purpose acquisition companies in a record year, raising nearly $37 billion, according…