Investors
Search Fund Partners
The longest-tenured dedicated search investor, backing searches and the acquisitions they produce since 2003.
Pacific Lake Partners
The scale player: describes itself as the largest dedicated search investor, with hundreds of searchers backed.
Anacapa Partners
A founder-investor who has personally run searches; a first-call for operator empathy on the cap table.
Trilogy Search Partners
Operator depth over portfolio size: nine named operating executives, and partners who take the board seat.
ETA Equity
Deep pattern recognition on the partnership: a co-founder who has backed over 90 search funds personally.
Endurance Search Partners
A family-office anchor: patient capital, with hundreds of search partnerships already behind it.
Relay Investments
A lead investor in most searches it joins, publishing a 15 to 25% cap table and $1M to $3.5M checks.
Aspect Investors
Led by a former searcher-CEO reporting almost 200 search-fund investments, with a former searcher on the team.
Housatonic Partners
A 1994-founded firm with a dedicated search practice and average holds past seven years; patient capital by habit.
The Cambria Group
Structure-flexible across 300-plus platforms: traditional and self-funded searchers, sponsors, co-investments.
Miramar Equity Partners
Dallas family-office capital for search-acquired businesses: 125-plus searches backed and an operators' network.
WSC & Company
ETA-focused capital that publishes its target: founder-owned businesses with roughly $2M to $10M of EBITDA.
Futaleufu Partners
Mentorship-first, run by the author of the model's original course; its operator-LPs sit on boards.
Arada Capital Partners
A regulated Spanish fund of search funds financing the search and the deal, naming its searchers.
Moonbase Capital
Former operators in Spain backing searches from launch to exit, with a page for every searcher it funds.
Promax Capital Investments
A regulated Spanish backer of search funds whose cards say who bought what and whose site names none of its own.
Applied Equity (formerly Bradford Brown)
Two former McKinsey senior partners on many cap tables, following institutional leads in services and software.
Peterson Partners
A two-decade practice whose founder, Joel Peterson, backed Asurion, the model's most-cited early name.
M2O
A Los Angeles family office since 1992: traditional search capital and self-funded gaps from one balance sheet.
Liberty Search Ventures
The dedicated search-fund vehicle of a New York PE firm: 5 to 10% of a search's commitments, not of the deal.
Istria Capital
Europe's first fund of search funds, backing searchers since 2016 and more than 190 of them on its own count.
Itaca Capital Partners
A Barcelona backer whose portfolio names eighteen completed deals and the vehicle that led fifteen of them.
Vonzeo Capital
The global traditional backer: search and acquisition financed across thirteen named countries.
GT Entrepreneurs
Buys a unit or two of a search fund, publishes the arithmetic and a price ceiling, and writes gap capital into deals.
Ambit Partners
A specialist search investor working seven named regions, from the fund itself through the equity gap.
Footbridge Partners
Publishes the deal it wants in numbers, $1.5M to $7M of EBITDA, and takes three or four entrepreneurs a year.
Hunter Search Capital
Backs searches and long-term holds since 2010, naming most entrepreneurs it backs beside the company it bought.
Northspring Partners
Former searchers making minority investments beside searchers, naming each one on a profile page with their fund.
Novidam
A search fund that became a backer, hosting searchers in New York, Amsterdam and London through the search phase.
Tom & Dave
Two people investing their own capital since 1992, capped at ten new searches a year and answering inside 48 hours.
Mosaic ETA
Often the first investor a searcher talks to, backing the thesis and the raise before there is a company to buy.
Legate Partners
Former search fund chief executives backing the next generation, with sixty-plus searchers behind them.
Red Forest Capital
A family office investing its own money since 1984, which names search funds as one of its three lines of investing.
Maven Equity Partners
Names around thirty searchers who are actively looking right now, each beside the fund they are running.
Kamylon
Focuses on United States classic search and names the other models as ones it is exploring rather than funding.
NCL Partners
Publishes deal ratios rather than an earnings band, down to the multiple it pays and the leverage it carries.
The Operand Group
Publishes every stage of the relationship with a month range beside it, ranges that are the model's own timeline.
MER Search Capital
A family office backing traditional units, gap equity and self-funded searchers, with a published earnings band.
Blue Frame Capital Partners
Publishes what it will not buy rather than what it will, and names Mexico beside Canada and the States.
Siwa Capital
Backs both traditional and self-funded searchers, and publishes the cap table share a searcher keeps.
Mineola Search Partners
One investor writing in the first person, publishing both the search unit he takes and the follow-on he adds.
Hadley Family Capital
A family office naming the two models it funds and the two it refuses, which few backers write down.
Heritage Search Partners
The search arm of a Boston firm whose founders searched first, investing across five named regions.
Martell Capital Partners
States outright that it pays a searcher's operating costs during the search, which most backers leave implied.
Highland Creek Partners
Two former searchers with sixty advisors behind them, and no address or criteria published anywhere.
Paltus Capital
Active across the United States and Latin America, and it publishes no figure of any kind beside that.
9T Capital
Publishes a dated portfolio naming the searcher and country behind each company, and lists the searches it has funded.
ALZA Capital Partners
Counts sixty-seven operating companies across thirteen countries, dated, and publishes the searcher profile it wants.
JB46 Partners
States a forty million euro third fund and more than a hundred and eighty search teams backed across five markets.
Kviv Ventures
Takes one to two units at most in a search fund and counts thirty-five of them backed since 2019.
KYR Capital
Names twenty-six search funds it backs and says it writes both the search capital and the acquisition capital.
Mazal Capital
Names four vehicle shapes it funds, including holding companies and roll-ups that most backers do not mention.
SFClub
Publishes an EBITDA band of one to five million euros and names more than eighty searchers it has partnered with.
Magnum Capital
Two partners who ran one search together and exited what they bought, backing traditional and self-sponsored searches.
Innesto Partners
States the average European search raise at four hundred and fifty thousand euros and what that capital converts into.
Spectra Investments
Dates its own record year by year, from the first searcher backed in 2017 to eighty searchers and twenty-one deals.
Shastina Search Partners
An individual backer of traditional search funds, with an exit of his own and a page that publishes nothing else.
NextGen Growth Partners
CEO-in-residence model: search inside the firm with its committed capital, then lead what you acquire.
Novastone Capital Advisors
The operator-led program lane, with a published eleven-stage selection and a search phase it caps at 24 months.
Brydon Group
The cohort-scale employed program: a search salary, twenty platforms bought since 2023, targeting $30M-plus each.
Sleeping Giant Capital
Place-based employed search in West Michigan: train first, then search on salary with acquisition capital committed.
WAD Capital
Benelux salaried search on published terms, which few in its lane state: a monthly fee, financing, and vesting equity.
SMEVentures
The Australia and New Zealand lane: a funded search with a salary, then five to ten years as CEO of what you buy.
Cèdre
A Paris family holding funding French buy-ins from its own capital, one of them a search fund's deal.
Ethos Partners
A London deal-by-deal office backing British buyouts, with two search capital deals on its pages.
TTCER Partners
The Asurion operators' partnership: deal-stage capital and board depth, with no search-phase backing.
CapitalPad
Fills the equity gap on a deal already under LOI through one SPV, at no fee to the searcher.
Plexus Capital
Structured capital whose $977M seventh fund names search funds, debt with an equity co-investment beside them.
Search Fund Accelerator
A cohort of solo searchers, with the equity a searcher earns published and the pay during the search not.
Smash.vc
A founder-led group of individuals co-investing minority checks into self-funded deals with a modest equity gap.
Cerralvo Capital
A former searcher's firm whose fifty published companies span fifteen countries in the Americas, Europe and Asia.
Shore Search Partners
The search arm of a prolific microcap buyer, with its own team and a fund sized publicly at $225M.
American Operator
Buys the business itself and installs a vetted operator as salaried CEO with day-one equity and a buy-up path.
Teamshares
Buys the company first and recruits a president to run it, and never says on its own site what that president is paid.
Prox Search Capital
Publishes both halves of the dilution question: what it writes, and the ownership range it takes for it.
Entrepreneurial Capital
Capital from the letter of intent onward, with a published five-step process for a deal already under LOI.
ETA Funding Partners
Publishes how many investments it expects to make in a year as well as what each one is worth.
New Majority Capital
Self-funded buyers only, at half a million dollars of EBITDA and up, with diligence advanced at zero interest.
Westerly Group
Permanent capital behind an operator rather than a fund with an exit clock, and no size or industry criteria named.