{"id":2120,"date":"2022-09-05T16:59:00","date_gmt":"2022-09-05T14:59:00","guid":{"rendered":"https:\/\/searchcapitalpartners.com\/?p=2120"},"modified":"2022-09-13T13:56:36","modified_gmt":"2022-09-13T11:56:36","slug":"search-fund-gli-stakeholders-del-modello","status":"publish","type":"post","link":"https:\/\/searchcapitalpartners.com\/it_it\/search-fund-gli-stakeholders-del-modello\/","title":{"rendered":"Cerca Fondo: Gli stakeholder del modello"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2120\" class=\"elementor elementor-2120\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-350a48a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"350a48a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb09248\" data-id=\"eb09248\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-abcd0b6 elementor-widget elementor-widget-image\" data-id=\"abcd0b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"860\" height=\"280\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1.jpg\" class=\"attachment-large size-large wp-image-2086\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1.jpg 860w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1-300x98.jpg 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1-768x250.jpg 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1-18x6.jpg 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2020\/07\/1-1-600x195.jpg 600w\" sizes=\"(max-width: 860px) 100vw, 860px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b1b72b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b1b72b3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bb45148\" data-id=\"bb45148\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4f4b60 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"a4f4b60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Cerca Fondo: Gli stakeholder del modello<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-737bb2c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"737bb2c5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71141511\" data-id=\"71141511\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f33075a elementor-widget elementor-widget-text-editor\" data-id=\"4f33075a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"blog-des-top\">\n<div class=\"elementor elementor-1337\" data-elementor-type=\"wp-post\" data-elementor-id=\"1337\">\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-720cc6ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"720cc6ae\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e37aea8\" data-id=\"1e37aea8\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-19f76d32 elementor-widget elementor-widget-text-editor\" data-id=\"19f76d32\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<h4>Ricercatore:<\/h4>\n<p>\u00e8 il promotore del fondo ricerca. Si tratta di manager o figure giovani con MBA con alcune esperienze lavorative. Questa figura, attorno alla quale \u00e8 sviluppato il modello del Search Fund, ha lo scopo di realizzare l&#039;acquisizione di una societ\u00e0 target da gestire in prima persona nel ruolo di CEO dopo aver raccolto i fondi necessari da investitori privati ed, eventualmente, istituzionali. Il compito del nuovo CEO \u00e8 di sviluppare il piano industriale al fine di utilizzare l&#039;azienda target come base di partenza sulla quale creare la crescita. I promotori di questa tipologia di\u00a0<em>investimento alternativo<\/em>, il Search Fund, che rappresentano le figure chiave del modello, sono aspiranti imprenditori, determinati, preparati e dotati di competenze professionali e personali tali da garantire affidabilit\u00e0 agli investitori che apportano il finanziamento necessario per l&#039;operazione. A differenza del private equity tradizionale, \u00e8 importante sottolineare che lo schema di remunerazione del promotore del Search Fund sia pienamente allineato agli interessi degli investitori. Il meccanismo di remunerazione ed incentivazione \u00e8 composto da (i) una parte fissa periodica per l&#039;attivit\u00e0 di ricerca e negoziazione della societ\u00e0 target, successivamente (ii) un compenso, in genere emolumento come Amministratore Delegato, per l&#039;attivit\u00e0 di gestione della societ\u00e0 target post acquisizone oltre ad un compenso-incentivo variabile, sotto forma di equity, al raggiungimento di determinati obiettivi condivisi con gli investitori.<\/p>\n<ul>\n<li>\n<h4>Investitori:<\/h4>\n<\/li>\n<\/ul>\n<p>si tratta di investitori in genere ad alto reddito o patrimonio, tipicamente HNWI, ex imprenditori di successo o dirigenti d&#039;azienda, che desiderano investire e portare un valore aggiunto ad un progetto imprenditoriale. In genere sono un numero variabile, in funzione del ticket di investimento e delle dimensioni del target, tra i dieci ed i venti. Di questi due o tre figure (solitamente coloro che hanno investito capitali maggiori) partecipano attivamente alle attivit\u00e0 del Search Fund supportando il promotore nelle varie fasi di scouting, acquisizione e gestione del target. Generalmente, ad ogni investitore \u00e8 richiesto un capitale iniziale (search capital) con un ammontare che varia tra 15 mila e 40 mila euro ciascuno per un totale di circa 150-400 mila euro necessari a finanziare le prime attivit\u00e0 del Search Fund, incluso l&#039; emolumento del Searcher, fino all&#039;acquisizione della societ\u00e0 target che ha la durata molto variabile e che \u00e8 possibile rappresentare in un arco temporale di 18-24 mesi. Parte di questo importo pu\u00f2 coprire anche i costi di pre-due diligence. Una volta identificata la societ\u00e0 target, il Searcher negozia l&#039;acquisizione con il supporto dei consulenti e degli investitori. Questi hanno un ruolo attivo durante l&#039;operazione. Gli investitori che hanno apportato il primo Search Capital, hanno diritto pro quota di sottoscrivere, con un moltiplicatore vantaggioso, il capitale della target una volta finalizzata l&#039;operazione. Qualora ritengano che la target non sia in linea con la loro idea di investimento non hanno l&#039;obbligo di apportare il capitale a supporto dell&#039;acquisizione. Qualora il Searcher non riesca a concludere l&#039;acquisizione di un&#039;azienda target, il Search Fund \u00e8 liquidato e qualora sia residuo del capitale sar\u00e0 ridistribuito pro quota agli investitori.<\/p>\n<ul>\n<li>\n<h4>Imprenditore-venditore:<\/h4>\n<\/li>\n<\/ul>\n<p>il panorama imprenditoriale italiano \u00e8 caratterizzato da PMI a conduzione familiare, che si trovano spesso in una fase di ricambio generazionale o alle prese con situazioni di discontinuit\u00e0. In questa fase si pongono domande di governance che se non risolte possono nel tempo portare a situazioni che non permettono alle aziende di esprimere il loro massimo potenziale ovvero portarle a situazioni di declino. Le soluzioni possibili ci sono, come ad esempio l&#039;assunzione di un manager esterno, facendo restare tuttavia il controllo dell&#039;impresa, con i pro e contro del caso, in capo alla famiglia fondatrice. Laddove l&#039;imprenditore preferisce un disimpegno totale, che comporti la cessione non solo dell&#039;amministrazione ma anche dell&#039;equity, la soluzione del Search Fund rappresenta lo scenario preferibile: offre uno scenario di continuit\u00e0 allineando gli interessi dell&#039;imprenditore uscente con quelli del Search Partecipante al fondo.<\/p>\n<ul>\n<li>\n<h4>Consulente PMI lato vendita:<\/h4>\n<\/li>\n<\/ul>\n<p>\u00e8 il consulente esterno all&#039;azienda specializzata in operazioni straordinarie di cessione\/acquisizione. L&#039;advisor lato vendita lavora a fianco dell&#039;imprenditore nel ricercare una controparte per la vendita del business. Nel modello concreto del Search Fund la parte interessata alla vendita \u00e8 il socio\/soci dell&#039;azienda target. Il modello facilita notevolmente la conclusione di un&#039;operazione di M&amp;A, con al centro le PMI italiane che hanno difficolt\u00e0 ad essere vendute, in quanto coinvolge nel processo un manager esterno. Con il modello del Search Fund, sono concretizzabili operazioni che altrimenti non avrebbero avuto possibilit\u00e0 di successo.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<div class=\"tags-social-box\">\n<div class=\"row\">\n<div class=\"col-lg-6\">\n<div class=\"blog-tags\">\u00a0<\/div>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e2bb77d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e2bb77d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-511bc4b\" data-id=\"511bc4b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30e30bf elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"30e30bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba0e6c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba0e6c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8d92d2\" data-id=\"a8d92d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea93b68 elementor-widget elementor-widget-heading\" data-id=\"ea93b68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tutti gli articoli<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8eb48a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8eb48a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f92e15b\" data-id=\"f92e15b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19870bf elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"19870bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;pagination_type&quot;:&quot;load_more_infinite_scroll&quot;,&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;load_more_spinner&quot;:{&quot;value&quot;:&quot;fas fa-spinner&quot;,&quot;library&quot;:&quot;fa-solid&quot;}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3342 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/why-search-funds-are-ideal-for-managing-the-generational-transition-of-european-businesses\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-300x300.jpeg\" class=\"attachment-medium size-medium wp-image-3345\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-300x300.jpeg 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-150x150.jpeg 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-768x768.jpeg 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-12x12.jpeg 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-600x600.jpeg 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22-100x100.jpeg 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/11\/image-22.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/why-search-funds-are-ideal-for-managing-the-generational-transition-of-european-businesses\/\" >\n\t\t\t\tPerch\u00e9 i search fund sono ideali per gestire il passaggio generazionale delle aziende europee\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3324 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/a-transformative-success-the-6th-international-search-fund-conference-at-iese\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"282\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-300x282.png\" class=\"attachment-medium size-medium wp-image-3326\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-300x282.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-768x722.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-13x12.png 13w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese-600x564.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/10\/iese.png 827w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/a-transformative-success-the-6th-international-search-fund-conference-at-iese\/\" >\n\t\t\t\tUn successo trasformativo: la sesta conferenza internazionale sui Search Fund allo IESE\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3203 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-iese tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-stanford post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/the-ultimate-guide-to-search-fund-resources-insights-from-iese-stanford-and-beyond\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-300x300.png\" class=\"attachment-medium size-medium wp-image-3193\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/searcher-search-fund-italy.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/the-ultimate-guide-to-search-fund-resources-insights-from-iese-stanford-and-beyond\/\" >\n\t\t\t\tLa guida definitiva ai search fund: approfondimenti da IESE, Stanford e altre fonti\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3174 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/understanding-the-search-fund-model-benefits-risks-and-opportunities\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-300x300.png\" class=\"attachment-medium size-medium wp-image-3191\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/09\/search-fund.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/understanding-the-search-fund-model-benefits-risks-and-opportunities\/\" >\n\t\t\t\tComprendere il modello del search fund: vantaggi, rischi e opportunit\u00e0\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3160 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/developing-a-successful-search-fund-beyond-roi-cultivating-value-and-growth-as-ceo\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-300x300.png\" class=\"attachment-medium size-medium wp-image-3163\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/07\/1-31.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/developing-a-successful-search-fund-beyond-roi-cultivating-value-and-growth-as-ceo\/\" >\n\t\t\t\tSviluppare un search fund di successo: oltre il ROI: coltivare valore e crescita come CEO\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3151 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/from-dream-to-acquisition-how-searchers-create-value-through-search-funds\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-300x300.png\" class=\"attachment-medium size-medium wp-image-2642\" alt=\"searcher success\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/02\/Searcher-Open-search-fund-ma-searche-success-capital-ipo.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/from-dream-to-acquisition-how-searchers-create-value-through-search-funds\/\" >\n\t\t\t\tDal sogno all&#039;acquisizione: come gli utenti creano valore attraverso i fondi di ricerca\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3119 post type-post status-publish format-gallery has-post-thumbnail hentry category-social category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor-2\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"123\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png\" class=\"attachment-medium size-medium wp-image-2918\" alt=\"Search Fund Investors\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1024x420.png 1024w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-768x315.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1536x630.png 1536w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-18x7.png 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-600x246.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1.png 2010w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor-2\/\" >\n\t\t\t\tLANCIO DI SEARCH CAPITAL PARTNERS \u2013 Search Fund Investor\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3108 post type-post status-publish format-gallery has-post-thumbnail hentry category-social category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"123\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png\" class=\"attachment-medium size-medium wp-image-2918\" alt=\"Search Fund Investors\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-300x123.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1024x420.png 1024w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-768x315.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-1536x630.png 1536w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-18x7.png 18w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1-600x246.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/logos-1.png 2010w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/lancio-di-search-capital-partners-search-fund-investor\/\" >\n\t\t\t\tLANCIO DI PARTNER DI RICERCA CAPITAL \u2013 Search Fund Investor\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3093 post type-post status-publish format-gallery has-post-thumbnail hentry category-consultant category-non-profit tag-business tag-finance tag-funding tag-fundraising tag-investire-in-search-fund tag-investire-in-search-funds tag-investitori-in-search-funds tag-italia tag-ma tag-kit tag-charity tag-search-fund-italia tag-search-fund-italiani tag-searcher tag-searcher-italiani post_format-post-format-gallery\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/searchcapitalpartners.com\/it_it\/perche-investire-in-search-funds-una-strategia-ottimale-per-gli-investitori\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-300x300.png\" class=\"attachment-medium size-medium wp-image-2966\" alt=\"\" srcset=\"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-300x300.png 300w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-150x150.png 150w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-768x768.png 768w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-12x12.png 12w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-600x600.png 600w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1-100x100.png 100w, https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2024\/03\/Investors-in-search-funds-1.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/searchcapitalpartners.com\/it_it\/perche-investire-in-search-funds-una-strategia-ottimale-per-gli-investitori\/\" >\n\t\t\t\tPerch\u00e9 Investire in Search Funds: Una Strategia Ottimale per Gli Investitori\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\t<span class=\"e-load-more-spinner\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-spinner\"><\/i>\t\t\t<\/span>\n\t\t\n\t\t\t\t<div class=\"e-load-more-anchor\" data-page=\"1\" data-max-page=\"5\" data-next-page=\"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/2120\/page\/2\/\"><\/div>\n\t\t\t\t<div class=\"e-load-more-message\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4d9be9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4d9be9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-169483f\" data-id=\"169483f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a4c05b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a4c05b7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9678387\" data-id=\"9678387\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Searcher \u00e8 il promotore del fondo di ricerca. Si tratta di manager o figure giovani con MBA con alcune esperienze lavorative. Questa figura, attorno alla quale \u00e8 sviluppato il modello del Search Fund, ha lo scopo di realizzare l&#039;acquisizione di una societ\u00e0 target da gestire in prima persona nel ruolo di CEO dopo aver raccolto i fondi necessari da investitori privati ed, eventualmente, istituzionali. Il compito del nuovo CEO \u00e8 di\u2026<\/p>","protected":false},"author":223414435,"featured_media":2071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"give_campaign_id":0,"inline_featured_image":false,"footnotes":""},"categories":[688637370],"tags":[688637376,688637378,688637382,688637384],"class_list":["post-2120","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-consultant","tag-business","tag-consult","tag-kit","tag-popular","post_format-post-format-gallery"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/searchcapitalpartners.com\/wp-content\/uploads\/2022\/07\/1-5.jpg","_links":{"self":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/2120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/users\/223414435"}],"replies":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/comments?post=2120"}],"version-history":[{"count":0,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/posts\/2120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/media\/2071"}],"wp:attachment":[{"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/media?parent=2120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/categories?post=2120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/searchcapitalpartners.com\/it_it\/wp-json\/wp\/v2\/tags?post=2120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}