KYR Capital
At a Glance
Worth a call in Brazil, and its reading list is worth an hour to any searcher anywhere.
- Pricing
- Custom Pricing, Investment terms, not fees. No fee is charged to a searcher; what the firm publishes about its own side is in the row.
- Best For
- A Brazilian searcher who wants both search capital and acquisition capital from the same backer.
- Track Record
- About twenty search funds named in the portfolio section, with no dates, no countries and no company names beside them.
- Lane
- Traditional
- Funds
- The search phase and the deal
- Based
- No address published anywhere on its site.
- Invests
- Brazil first, with search funds named there and elsewhere on its single page.
- Buys
- Established businesses rather than startups, with no size band or earnings floor published.
- Before A First Call
- One email address and no sentence about who may use it, on a single page that describes the stages of a search without describing its own door.
- First-Time Operators
- Nothing about prior experience as a condition. It says it invests in people who want to acquire, operate and grow established businesses, which is a statement of intent rather than of 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.
- Roadmap Stages
- 3. Set Up & Fund the Search
Pros and Cons
Pros
- Names the search funds in its portfolio rather than counting them
- Says plainly that it provides search capital as well as acquisition capital
- Publishes a reading list covering every Stanford and IESE study of the model since 2001
Cons
- No check size, cap-table share or fund size anywhere on the page
- Its whole site is a single page, so every nav item serves the same document
- The one number it publishes is a return figure for the asset class rather than for itself
What Searchers Say
A Brazilian search fund investor named by searchers in Brazil and Europe; the portfolio names here are read off its single page.
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Firms do not publish a term sheet you can prepare against, so this is how traditional (investor-backed) search capital comes in, what it weighs, and how to arrive ready.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