Search Funds - a Panel Discussion - Tues Oct 3rd 12:30-2:00

by Finance Club

Lecture

Tue, Oct 3, 2017

12:30 PM – 2 PM

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Wells Fargo Room

2220 Piedmont Avenue, S430, Berkeley, CA 94720, United States

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Interested in buying and running your own business? Want to be your own boss and the CEO of a small company? You can, via a Search Fund.

Join us at 12:30 on October 3rd, 2017 [room to be confirmed], when Pacific Lake Partners' co-founder Jim Southern, entrepreneur and investor who exclusively focuses on investing in search fund entrepreneurs, will walk us through the search fund model. The event will also include Graham Weaver, founder and Partner of Alpine Investors, a private equity firm managing five funds totaling $900M in capital. Special guest Mahesh Rajasekharan, Haas MBA, Search Fund Entrepreneur and CEO of Cleo Communications, will also join this session to provide input and answer questions.

A search fund is an investment vehicle through which investors support an entrepreneur's efforts to locate, acquire, manage and grow a privately-held company. In this model, a recent MBA graduate becomes the CEO of the company and works to build the business over the following 5+ years. The entrepreneurs are compensated with a significant equity stake in the value created during their tenure. This challenge and independence has resulted in the creation of over 250 Search Funds, with the asset class as a whole boasting an aggregate pre-tax internal rate of return of 36.7 percent and 8.4x multiple of investment.

Entrepreneurs with the courage of their own convictions, a desire to lead a company early in their career, and the resilience to take on a life of entrepreneurship seek out the search fund model.