A Niche Within Private Equity

The Lower Middle Market traces the search fund model’s roots and explains what sets it apart within private equity.

• Traces the search fund model back to Professor H. Irving Grousbeck at Stanford GSB in the 1980s
• Explains why search funds occupy their own niche within private equity: instead of pooling capital across a diversified portfolio, a search fund backs a single entrepreneur to locate, acquire, and personally run one company
• Frames this structure as the driver behind the model’s growing popularity over the past decade

Here is the link to the full article.