If anyone is currently working at a search fund or has worked at a search fund in the past, please message me

Rank: Monkey | 47

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Comments (14)

 
11/5/17
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11/5/17

What advice do you have for someone who's coming from a nontarget? No matter how good my GPA is, it seems like my resume is just getting filed. I've been applying, cold calling like crazy and practicing interview questions. But I can't even land an interview, so I just feel stuck. I almost want to give up and pursue to do some developmental work at a corporate company at this point.

 
11/5/17

PE_Reaper is wrong dont listen to him. Search Fund experience directly relates to smaller PE funds, the experience can be extremely valuable depending on the assigned tasks. Besides a search fund internship looks better then no internship.

 
11/6/17

Thank you very much for your input. I feel like not many people even know what a search fund is (or they know but they just don't know it's called a search fund). So, I haven't been getting many responses.

 
11/7/17

Search fund experience will definitely help. It will help build network since its similar to venture capital as it involves due diligence, sourcing, research, outreach, etc

 
11/7/17

Are they fully funded? Is this their first search? Do they have qualifications to run and manage a business within their targeted industries?

If you dont have other options, all of these questions are irrelevant, but if you, these will help you evaluate your options

 
11/7/17

I'd add to this - where are the founders coming from. If they are coming from IB/PE->Top B-School like a lot of them are they might be willing to tap their network for you after a good summer.

 
11/8/17

Both started out at Goldman as Analysts and moved on to public equity for a while. Then worked as associates at PE shop and now attempting to open up their own.

 
11/8/17

Fully funded. Relatively new fund but has successfully acquired one company. One of the MDs has a PhD in Engineering. Super smart guy.

And I recently landed an offer with a f500 company as a financial analyst intern. So I need to decide between the two. But tbh the f500 internship sounds terribly boring. Just looking at one company's financials sounds awful.

 
11/8/17

When you say one acquisition was made already do you mean the MD has already exited? How many employees? Sounds like a PE fund within the lower-middle market space, not a search fund, unless he exited already

 
11/18/17

I went to a non-target as well and got an opportunity to intern with a search fund and it was the greatest experience, I was there until we executed a transaction. I learned so much from the other interns and the managing partner. I got into PE back office upon graduation but I am currently in process of making a move from back office to front office due completely to my search fund experience.

 
11/20/17

Did you source the deal that they executed? And also, I'm afraid that I may not be able to have any chance working with actual models or valuations. Would this be an issue? Like if my resume says that I only did industry research and cold call, would it still be a respectable internship?

 
11/20/17

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