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Dictionary by pitch.dog
Investor & fund types · Specialist

Search fund

Also called: entrepreneurship through acquisition fund

ELI5

Capital used by an entrepreneur to find and buy a company to run.

Used in conversation

“The search fund is reviewing owner-operated software businesses.”

Definition

A vehicle through which an entrepreneur raises capital to find, acquire and operate an existing business.

Here “Search fund” means: A vehicle through which an entrepreneur raises capital to find, acquire and operate an existing business.

Pitch context

You will see “Search fund” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 6

Direct term-level sources and supporting source families.