Search Fund & Investor Readiness
Raising money for a search or a deal
Investors are deciding on you as much as the business
Whether you are raising a traditional search fund, lining up investors for a single deal, or bringing in a partner for the equity check, investors ask the same underlying questions. Can this person find a good business, can they run it, and will they tell us the truth when it goes badly? Our work is to help you answer those clearly and back them up on paper.
What investors look for
What tends to come up
Why you
Your operating background and why it fits the kind of business you are after.
A focused plan
A search thesis or deal thesis that is specific enough to argue with.
Realistic numbers
A budget, timeline and deal model that do not assume everything goes right.
Clean terms
Standard, understandable economics. Unusual terms slow down every conversation.
What we prepare with you
Materials
For a search fund raise
- Private placement memo or investor deck
- Search budget and timeline
- Industry thesis and target criteria
- Summary of terms and investor rights
For a deal-by-deal raise
- Deal summary and investment memo
- Financial model and sources and uses
- Downside case and how investors get paid back
- Reporting commitments after closing
A note on scope
We help you prepare and rehearse. We do not solicit investors or sell securities, and offering documents should be reviewed by a securities attorney you engage.
Questions
Before you raise
Do you introduce investors?
No. We help you get ready so the conversations you set up go well.
Self-funded or search fund?
We can walk through the trade-offs with you. It depends on your savings, your timeline and how much control you want after closing.
Ready for your next acquisition?
Whether you are starting a search, evaluating a target or preparing to run a business you just bought, let’s define your next steps.