European Market

Raising a search fund in Europe is meaningfully different from raising one in the United States. The playbook developed over four decades at Stanford and Harvard does not translate directly to London, Madrid, Munich, or Paris. The investor base is smaller, the infrastructure is less developed, and the cultural dynamics of convincing European business owners…

The search fund model was born in the United States. For the first decade of its existence, it barely crossed the Atlantic. Today, Europe is the fastest-growing search fund market outside North America — and it remains one of the least understood by the investors and entrepreneurs who could benefit most from it. This is…