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      "text": "Nerdy is a leading direct-to-consumer internet platform for live, online instruction and a leading gig economy platform purpose-built for teaching and learning",
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      "text": "Note: Projections are TPG Pace estimates. With respect to projections, see page 2 \"Use of Projections\" under \"Important Information\". 1. Market cap assumes $10/share price. Target net cash assumes no redemptions by SPAC holders in business combination. See slide 41 for more information.",
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      "text": "TPG Pace Group raised $450 million through the IPO of a special purpose acquisition company (\"SPAC\"), TPG Pace Tech Opportunities Corp. (\"Pace\" or \"PACE\"), in October 2020. Concurrent with the IPO, PACE secured an additional $150 million of Forward Purchase Agreement (\"FPA\") commitments, increasing PACE's capital base to $600 million",
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      "text": "In connection with the transaction, PACE has raised a $150 million PIPE of common equity at $10 / share, in a private placement anchored by Franklin Templeton, Healthcare of Ontario Pension Plan, Koch Industries, and Learn Capital as well as several other leading institutional investors",
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