Peter Thiel. Photo credit: picture alliance/Tobias Hase, licensed under Creative Commons

Palantir co-founder and famed entrepreneur Peter Thiel is looking to strike gold once again, this time with a blank-check firm that’ll seek to merge with another company. Thiel, along with Hong Kong-based businessman Richard Li, have created a new blank-check firm named Bridgetown Holdings that’s seeking to raise $575 million on the public markets. The blank-check firm’s sponsor is a joint venture between Thiel Capital, Peter Thiel’s personal investment vehicle, and Pacific Century Group, a Hong Kong-based investment firm founded by Richard Li. The Bridgetown blank-check firm is led by Chief Executive Daniel Wong and Chairman Matt Danzeisen, who is himself notably married to Peter Thiel, while Wong, the chief executive, is a senior vice president at Li’s Pacific Century Group. Bridgetown will have other board members including OpenAI CEO Sam Altman and RRE Ventures partner John Hass.

Peter Thiel is apparently seeking to add yet another blank-check firm to what has been a record year for such firms, or special purpose acquisition companies (SPACs) as they’re fondly called. This year alone, more than 100 SPACs have collectively raised over $40 billion in the US, according to data compiled by The Techie. The biggest of them all is a $4 billion blank-check firm that was debuted by hedge fund honcho Bill Ackman, a firm that publicly listed in July and is seeking to merge with a high-growth tech firm. A slew of technology entrepreneurs and investors have been involved in SPACs this year, among them LinkedIn co-founder Reid Hoffman, Zynga’s Mark Pincus, and Social Capital founder Chamath Palihapitiya, who has himself overseen three blank-check firms, one of which recently reached a deal to merge with iBuying upstart Opendoor.

Bridgetown Holdings has formally filed for a listing with the U.S. Securities and Exchanges Commission (SEC). The blank-check firm is particularly aiming for merger target in the Southeast Asian region.

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