Cohn Robbins Holdings Corp., a blank-check company backed by Gary Cohn, the former Goldman Sachs Group Inc. president and economic adviser to President Donald Trump, has upsized its U.S. initial public offering.

The special purpose acquisition company raised US$720 million after earlier targeting US$600 million, according to people with knowledge of the matter. The blank-check firm counts activist investor Cliff Robbins as chief executive officer.

Cohn Robbins will target an acquisition in the consumer, software and fintech sectors, while it can also pursue other areas, according to its prospectus.

A representative for Cohn Robbins declined to comment.

Cohn left his position as president and chief operating officer of Goldman Sachs to serve as Trump’s chief economic adviser from 2017 to 2018.

Blank-check companies have attracted high-profile financiers such as Bill Ackman as well as celebrity personalities.

Credit Suisse Group AG is arranging the offering.