The 2024 Search Fund Study provides an update on the financial performance and key characteristics of search funds established in the U.S. and Canada since 1984, incorporating data through December 31, 2023, to build upon the findings of the 2022 report.

This report analyzes 320 international search funds across 40 countries, highlighting key characteristics and financial returns as of December 31, 2023, based on data from a study by the International Search Fund Center at IESE Business School in collaboration with Stanford Graduate School of Business.

This study analyzes the executive hiring and termination decisions of 40 search fund CEOs in the first two years post-acquisition. The study focuses on various aspects of search fund CEOs' decisions in this context.

This paper delves into the crucial steps required to conduct an effective due diligence process in a search fund acquisition.

This case note examines the unique challenge of work-life integration for young, first-time CEOs.

This article focuses on the identification of sellers who are genuinely prepared to sell and the categorization of potential sellers into various types.

A practical guide to answer the most frequently asked questions for those contemplating pursuing a search fund.

This paper provides a guide for MBA students interested in launching a search fund as a post-MBA career, offering a roadmap to secure search capital, acquire a business, and outline the steps to become a CEO.

Learn about Reps and Warranties Insurance (RWI) in the context of search funds, explaining what RWI is, its costs, which reps and warranties are insurable, and the steps involved in procuring RWI for a search fund deal.

Sandro Mina's entrepreneurial journey, from his international background to founding Sverica International in 1993 and his successful acquisition of Camera World, is highlighted in this article.

This paper provides insights into the unique aspects of search fund company boards and offers guidance on how entrepreneurs can effectively assemble their boards.

Relay Investments' survey of 72 companies acquired through search funds shows that 88% of them experienced increased employment, with 46% doubling their workforce under search fund entrepreneurs' leadership, demonstrating substantial job creation and growth.

Learn about the rapid growth and strong performance of Search Funds, focusing on their benefits from an investor's perspective, providing insights into their unique investment approach and risk mitigation strategies.

Search funds offer a fast track from entrepreneur to CEO, offering hands-on leadership experience, exposure to private equity and investment banking, and the potential for substantial financial rewards.

Search Funds excel in acquiring and revitalizing stable, profitable businesses. Learn how they achieve this success by focusing on consistent profitability, recurring revenue, customer loyalty, and vendor relationships, all while reducing downside risk.

Search Funds have consistently delivered impressive investment returns, with an average IRR of 34-37% over 30 years. This success is partly attributed to their unique approach to deal sourcing, driven by a motivation to find proprietary acquisitions, avoid auctions, and secure solid businesses at lower valuations.

This paper highlights the known success factors associated with search funds.

This document shares insights and best practices to help new searchers efficiently navigate the search phase.