Perella Weinberg Plans Blank-Check Firm for Women-Led Business

Perella Weinberg Partners, the investment bank founded by Joe Perella and Peter Weinberg, is planning to set up a blank-check company that focuses on finding a business owned and led by women.

PWP Forward Acquisition Corp. will seek to raise about $200 million, according to a memo seen by Bloomberg News. Stacia Schlosser Ryan, the firm’s co-head of consumer and retail as well as co-head of diversity and inclusion, will be chief executive officer of the special purpose acquisition company, or SPAC.

PWP Forward will focus on targets in consumer products and services, health and wellness and ...