Cannae Holdings (CNNE), mcap=$1.7bn, price $19.11 vs $24.18

Private equity firm led by Bill Foley with 84% of NAV in 5 public companies – previous IPOs and SPACs carried out by CNNE, including $CDAY, $DNB, $SST, $ALIT, $PSFE. Despite 3 holdings coming from SPACs, all holdings are well-established businesses with meaningful revenues. Historically $CNNE traded at a premium to NAV vs at a 40% discount now.