Stanford GSB’s 2024 study is the benchmark performance dataset for search funds raised in the U.S. and Canada.
- 2024 edition, with data through December 31, 2023
- Tracks 681 search funds raised in the U.S. and Canada since 1984
- Aggregate performance: roughly 35.1% pre-tax IRR and a 4.5× MOIC
- Positions search funds as a strong-performing asset class relative to many alternatives
- Remains the benchmark study for core North American search funds, used by investors, searchers, and academics alike