IESE’s seventh biennial international study tracks how the search fund model is spreading well beyond the U.S. and Canada.
- Produced by IESE’s International Search Fund Center with Stanford GSB — 7th edition of the biennial international study
- Covers 320 search funds formed outside the U.S. and Canada, across 40 countries on five continents
- Fund formation has grown roughly six-fold since IESE’s first international count in 2018 (83 funds)
- This edition set records: 59 new funds formed and 31 acquisitions made
- 71% of searchers held an MBA; technology was the top acquisition industry, followed by services and healthcare
- The model keeps maturing in Europe and Latin America, and is making its first inroads into Africa and Asia-Pacific