Search funds started over 30 years ago, and there is now valuable information available.


Below are selected references and resources we think might be helpful.

Here you will find a timely note regarding managing in a crisis: Letter To A Young Operator

Research Centres
Recommended Viewing

In this webinar moderated by Jan Simon, search fund investors Coley Andrews, Sara Rosenthal, Peter Kelly, Will Thorndike and Simon Webster discuss the findings of studies conducted by IESE Business School and Stanford Graduate School of Business.

Recommended Reading

Chicago Booth PCEI, Emerging Tools for Search Fund Acquisitions: Employee Stock Ownership Plans


Chicago Booth PCEI, The Evolution of Entrepreneurship Through Acquisition


Entrepreneur, Business-Buying Search Funds Gain Momentum


Ernst & Young, Enabling Entrepreneurs

Financial Times, Some prefer buying a business to building it from scratch


Financial Times, Entrepreneurs use business school tool to buy companies globally


Financial Times, Graduates hunt for ‘search fund’ success


Forbes, Acquiring Companies Without Money: The Rise of Fundless Search Models


Forbes, Stanford’s B-School Sensation: Plot A Takeover In Two Weeks


Forbes, The Search Fund Model: How To Become A 28-Year Old CEO


Fortune, Offering an Exit Strategy for Aging European Business Owners

Handelsblatt Global, Search Funds To The Rescue

Harvard Business Review, Buying Your Way into Entrepreneurship


Harvard Business Review, Retiring Boomers Should Consider Selling Their Companies to Millennials

Harvard Business Review, What Family Businesses Can Learn from the Military


Harvard Business Review, Which MBAs Make More: Consultants or Small-Business Owners?

Harvard Business Review, Why More MBAs Should Buy Small Businesses

Harvard Business Review, Why You Should Buy a Business (and How to Do It)​

IESE SFC, Considerations for Entrepreneurial Acquisitions

IESE SFC, 2018 International Search Fund Study: Selected Observations

IESE SFC, Re-Thinking Search Fund Incentive Structures


IESE SFC, Search Funds, a High Potential Asset Class


IESE SFC, Search Funds-What has made them Work?

LAVCA, Search Funds: A New Way to Find Returns

Stanford Business Insights: How CEOs-In-Waiting Buy The Companies They Want to Run


Stanford CES, 2020 Search Fund Study: Selected Observations


Stanford CES, Search Funds: Best Practices for the Search Phase


Stanford CES, Search Fund Primer


Stanford CES, What it Takes to be a Search Fund Entrepreneur


Stanford, Videos on Search Funds

The Economist, Seek and we shall fund


Tuck School of Business at Dartmouth, Note on Search Funds

Wall Street Journal, Appreciating the Big Role of Small Businesses

Wharton, Looking for a Company to Run? Search Funds Could Be the Answer

© 2020 Vonzeo Capital