The Search Fund model, a powerful vehicle for acquiring and growing small to medium-sized enterprises (SMEs), has gained considerable traction worldwide. Aspiring searchers and investors alike benefit from staying informed about the latest trends, best practices, and success stories in the industry. To help navigate this landscape, this article compiles some of the best resources for information on Search Funds, with a particular emphasis on notable research and observations from institutions like IESE Business School and Stanford University.
What is a Search Fund?
Before diving into the resources, it’s essential to understanding what Search Funds are. A Search Fund is an investment vehicle through which an entrepreneur, known as a searcher, raises funds from investors to search for, acquire, and operate a single company. This model allows seasoned and aspiring entrepreneurs to leverage their skills and investors’ capital to drive growth and create value in the acquired business.
Key Resources for Search Fund Information
1. IESE Business School – Search Fund Observatory
IESE Business School in Spain has established itself as a leading authority on Search Funds, particularly in Europe. The IESE Search Fund Observatory is dedicated to analyzing and disseminating knowledge on the Search Fund model. Here are some of the key resources they offer:
– IESE Search Fund Study: An extensive study provides a comprehensive analysis of the performance, trends, and characteristics of Search Funds globally. The study includes valuable data on successful acquisitions, common challenges, and key factors that contribute to the success of Search Funds.
– Research Papers and Reports: IESE frequently publishes papers and reports that delve into various aspects of the Search Fund model. These documents are invaluable for gaining a deeper understanding of how Search Funds operate and perform in different regions.
– Conferences and Workshops: IESE organizes events that bring together searchers, investors, and industry experts to share insights, discuss trends, and network. Attending these events can offer firsthand knowledge and networking opportunities.
2. Stanford University – Center for Entrepreneurial Studies (CES)
Stanford University’s Center for Entrepreneurial Studies has been at the forefront of Search Fund research since the model’s inception in the 1980s. Their contributions have significantly shaped the understanding and practice of Search Funds. Key resources from Stanford include:
– Stanford Search Fund Study: Similar to IESE, Stanford conducts an annual study that tracks the performance and evolution of Search Funds. The study offers a wealth of data and insights, including case studies of successful acquisitions and the impact of different strategies.
– Research Publications: Stanford’s CES publishes numerous research articles, case studies, and white papers on Search Funds. These publications cover a range of topics, from financing and acquisition strategies to operational challenges and exit planning.
– Courses and Programs: Stanford offers courses specifically tailored to Search Funds and entrepreneurship through acquisition (ETA). These educational programs are designed to equip searchers with the skills and knowledge needed to succeed in the Search Fund space.
3. Online Communities and Forums
Several online platforms host communities of searchers, investors, and industry professionals. These forums are excellent for networking, sharing experiences, and seeking advice:
– Searchfunder.com: A dedicated platform for searchers and investors to connect, share deals, and discuss topics related to Search Funds. It offers a wealth of resources, including articles, webinars, and a marketplace for deals.
– LinkedIn Groups: Numerous LinkedIn groups focus on Search Funds and ETA. These groups are great for staying up-to-date with industry news, finding partnership opportunities, and participating in discussions.
4. Industry Conferences and Events
Attending industry-specific conferences and events can provide invaluable insights and networking opportunities:
– ETA@HBS Conference: Hosted by Harvard Business School, this conference is a key event for anyone interested in entrepreneurship through acquisition. It features panels, workshops, and networking sessions with industry leaders.
– Stanford EtA Conference: Stanford’s conference brings together a global community of searchers, investors, and advisors to discuss the latest trends and developments in the ETA space.
5. Books and Publications
Several books offer comprehensive guides to Search Funds and ETA:
– Search Funds & Entrepreneurial Acquisitions by Jan Simon: The Roadmap for Buying a Business and Leading it to the Next Level
– Buy Then Build by Walker Deibel: This book provides a step-by-step guide to acquiring small businesses and growing them.
– HBR Guide to Buying a Small Business by Richard S. Ruback and Royce Yudkoff: A practical manual from Harvard Business Review that covers everything a searcher needs to know about buying and operating a small business.
Staying informed about the Search Fund model is crucial for both aspiring searchers and seasoned investors. The resources provided by institutions like IESE Business School and Stanford University, along with various online platforms, conferences, and publications, offer invaluable insights and data. By leveraging these resources, you can enhance your understanding of the Search Fund landscape, make informed investment decisions, and ultimately succeed in this unique and rewarding field.
For more information on how Search Capital Partners can support your journey in the Search Fund space, contact us info@searchcapitalpartners.com
