Bloom Tree Partners, founded in 2008, is a New York-based hedge fund manager that employs a global long/short equity strategy. While primarily a financial firm, Bloom Tree Partners has demonstrated involvement in the space industry through investments, such as its participation in the PIPE (private investment in public equity) group that supported Spire Global's merger with NavSight Holdings in 2021 to become a publicly listed company. Thus, Bloom Tree Partners acts as an investor, providing financial backing to space-related companies like Spire, which operates a constellation of nanosatellites for data and analytics.
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The Proposed Transaction is supported by a $245,000,000 fully committed PIPE anchored by Tiger Global Management, BlackRock Advisors, Hedosophia, Jaws Estates Capital, and Bloom Tree Partners.
A $245,000,000 portion of the cash injection for Spire Global comes from a group led by Tiger Global Management, BlackRock Advisors, Hedosophia, Jaws Estates Capital, and Bloom Tree Partners.