Search Funds 2007 Selected Observations

Search Funds 2007 Selected Observations

By
H. Grousbeck, Sean Harrington
2008|Case No.E282| Length 16 pgs.

A search fund is a pool of capital raised to financially support the efforts of an entrepreneur, or a team of entrepreneurs, to locate a privately held company for acquisition. This study, as well as its predecessors in 1996, 1998, 2001,2003, and 2005 portrays the aggregate profile of search funds and the entrepreneurs who formed them, and evaluates the investment returns generated by first-time search funds to their original investors. Together, these studies reflect changes in the characteristics of search fund entrepreneurs and the performance of their funds over time.

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