Search Fund without actually operating and running the company?
Wondering if anyone has any experience in the Search Fund space with GP's who focus solely on acquisition without personally operating? Ideally looking to build a portfolio of companies for perm equity and stay away from operations or hire new management teams to run the company/companies.
I'm far more interesting with sourcing and making deals than actually operating a company. Does anyone know of any Search Funds currently operating like this?
That's called an independent sponsor.
Know of any Search Funds currently operating like this? I'm a noob in the PE world, wondering if you could point any resources to thinking about a structure like this in micro PE.
That's not the Search Fund model though, what you described in an independent sponsor. They're basically GPs who don't raise a fund and instead go out, source the deal, structure it, then raise the capital to immediately deploy.
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