2016 IESE SF Study: Selected Observations
VIA IESE, SEARCH FUNDS CENTRE
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In brief, search funds offer entrepreneurs the opportunity to become equity-owning business operators before they have accumulated the capital or experience often required to buy or lead a company. For investors, the asset class is a stage-based investment, first in an entrepreneur and next in the acquisition of an existing business.

International SFs asset class IRR. Results as of December 2015.
Source: IESE