9T Capital
At a Glance
The portfolio to read when you want to know who a backer actually funded and when, rather than how many.
- Pricing
- Custom Pricing, Investment terms, not fees. The site says nothing about fees or terms on either side; what the firm publishes about its own side is in the row.
- Best For
- A searcher who wants to see who a backer funded, in which country and in which year, before the first call.
- Track Record
- Thirteen operating companies named with the searcher, the country and a bare year, from 2021 to 2026, beside a cumulative list of search capital investments. Launched in 2020 as its two partners' own vehicle and structured as a fund for outside capital in 2024, by its team page, with four people named.
- Lane
- Traditional
- Funds
- The search phase and the deal
- Based
- No address published anywhere on its site.
- Invests
- North America, Europe and South America, in developed and emerging markets.
- Buys
- Profitable companies with strong margins, recurring or reoccurring revenue, a diversified customer base and a motivated seller, in large and fragmented industries.
- Before A First Call
- A contact page carrying a form and no sentence at all, so nothing states who may use it or what a first message should contain.
- First-Time Operators
- Nothing about prior experience as a condition. It says it looks for people who are highly accomplished, coachable and ambitious and above all eager to step into the chief executive seat, which describes an attitude rather than a record.
- How Long The Search Runs
- No length on the search and nothing about what happens if it ends without a deal, on the pages this review read. Ask what the clock is before you sign anything.
- Published Terms
- No check size, stake or fee on the pages this review read. Most firms on this shelf publish none, so ask early rather than late.
- What A Searcher Gets
- Not published on the pages this review read. It is the figure a searcher most wants and most of this shelf does not print it, so ask before the first call rather than after.
- After The Close
- Nothing about the years after closing on the pages this review read, whether a hold period, a first-year plan or a board role. Ask how long it expects to own the company before you sign.
- Roadmap Stages
- 3. Set Up & Fund the Search
Pros and Cons
Pros
- Names the searcher, the country and the year for every operating company in its portfolio
- Lists the searches it has funded apart from the companies already acquired, with a name and a country on each
- Publishes what it wants a searcher to buy, including the industries it says it avoids
Cons
- Publishes no address, so where the firm sits cannot be read from its site
- No size figure anywhere: no fund size, no check range and no cap-table share; its team page dates the firm to 2020 as the partners' own vehicle and 2024 as a fund
- Its contact page is a bare form with no words about who should use it
What Searchers Say
Named as a backer by searchers in Mexico and in Europe; its portfolio page is the source for the counts here and it dates every company.
How to Approach
Firms do not publish a term sheet you can prepare against, so this is how traditional (investor-backed) search capital comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A first conversation on your background and why search, before any deal.
- A deep dive on your plan: industries, criteria, and how you will source.
- Backing for the search itself, then a fresh underwrite when you bring a live deal.
- A board seat and governance once you close.
What It Weighs
- Whether you will finish a two-year search, not only start one.
- The quality of your thesis and target criteria.
- How you will behave on a cap table over a long hold.
How to Prepare
- Bring a sourcing thesis, not a blank slate. Buyer Profile Builder
- Know which firms lead versus follow, and on what terms. Investors
- Make your operator case on one page. Buyer Profile Builder