Chapter PD: Search Funds Investments

May 2, 2018

Photo by: Bigstock Images

A search fund is a pool of capital supporting the efforts of an entrepreneur, or pair of entrepreneurs, in locating a privately held company for the purpose of acquiring, operating, growing and selling it. Since the launch of the first search fund in 1983, over 300 search funds have been launched in North America and 80 internationally. The Center for Entrepreneurship Studies at Stanford has reported on the performance of investments in search funds and the follow-up acquisitions in North America since 2001. Excluding the 52% IRR in the 2007 study, CES has constantly reported IRRs in the high thirties.

With this permanent high performance, investments in search funds and their subsequent acquisitions perform very favorably vis-à-vis other alternative asset classes such as hedge funds and real estate as well as when compared to private equity, be it in US, Europe or Pacific Rim. The only asset class that performs similarly in terms of returns is US venture capital, arguably with a much steeper risk profile. Search funds investing is however not well known outside some dedicated investment funds and a series of serial investors.

During the session ‘Search Funds Investments, the Asset Class Nobody Keeps Up With’, you will be informed about the specifics of this asset class, why it has delivered the above-mentioned returns as well as what is happening in this space in Canada and the rest of the world.

Our speaker, Jan Simon, teaches capital markets, investments, alternative investments and wealth management in IESE’s MBA program and executive programs. As a professor at SFU he teaches financial management, entrepreneurial finance, new venture finance and entrepreneurship.

Chapter PD
Date: Wednesday, May 2, 2018
Where: Morris J Wosk Centre for Dialogue – SFU (downtown)
580 W. Hastings Street, Vancouver B.C., V6B 5K3
Time: Registration & Networking  7:30 AM – 8:00 AM
Presentation  8:00 AM – 10:00 AM
Cost: $55 + GST
CPD: 2 Hours
Course Level: General
To register: Click Here
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