Relay has decades of search fund investing experience.

Our foundation

While its co-founder, Sandro, has been investing into search funds since 1991, Relay established its first official fund in 2013 in Boston. With a U.S. focus and an international reach, the firm now has $200M in AUM that it uses to exclusively invest into search funds and their target companies.

Our Timeline



Pattern recognition fueled by 30+ years of experience

Relay’s co-founder has been involved in the search fund ecosystem for over 30 years, backing hundreds of searchers and investing in over 100 companies in that time. With a keen sense for what works and what doesn’t, the Relay team has been working with searchers and building alongside them for decades.

Relay Highlights


Search funds backed


Micro-cap companies acquired



Learn more about Sandro’s journey.