GTAN

Date

Mar 09 2021
Expired!

Time

9:00 am - 12:00 pm

Education Event: Search Funds

Join Karl Sigerist and Karen Grant on March 9 as they moderate this 3-hour introductory session on Search Funds. You will be introduced to the various forms they take and provided with an overview of this asset class that can be used within your angel investing portfolio.

A search fund is an investment vehicle, conceived in 1984, through which investors financially support an entrepreneur’s efforts to locate, acquire, manage, grow and exit a privately held company.  Since 1996, The Center for Entrepreneurial Studies (CES) at Stanford University has conducted a series of studies on the performance of search funds. CES has identified and tracked more than 400 search funds raised since 1984 in the United States and Canada.

A 2020 CES analysis of 401 qualifying search funds (link to study) found the aggregate pre-tax internal rate of return to be 32.6%, and the aggregate pre-tax return on invested capital to be 5.5x.

A panel of experts will provide greater insights into:

  • What is a Search Fund and what you need to know about Search Funds?
  • Comparative returns to other investment activities.
  • Search Fund limited partnerships and the LOIs/Deal Structures.
  • An investors’ perspective from operator to Angel to Search Fund investor.

In addition to expert speakers and panels, a networking opportunity at the halfway point will give you the chance to ask questions and meet others wanting to learn more about Search Funds.

Register for this event using this link.

For information please contact michelle.mccorkell@equationangels.com