Search Funds
A New Asset Class: Tangible, People-Centered, and Profitable
In a highly competitive environment for attractive returns, Search Funds offer a unique opportunity: connecting talented entrepreneurs with seasoned investors to create lasting value.
The Search Fund: A Proven Model with Strong Return Potential
Born at Stanford in the 1980s, the Search Fund has already proven its success in the United States, with average returns exceeding 33% IRR*.
In Europe, the model remains relatively rare, making it an attractive opportunity for visionary investors.
Key Data: 33% average IRR* on Search Funds in the United States (source: Stanford GSB)
Why It’s a Unique Opportunity:
Lower Competition for Deals
Business Succession in a Strongly Growing European Market
Aligned with Long-Term Economic Trends
Diversification, Performance, and Lasting Impact
You invest in a structured fund that selects high-quality Searchers and supports them in acquiring profitable SMEs. In return, you benefit from:
Potentially Higher Returns Compared to Traditional Asset Classes
Privileged Access to Off-Market Transactions
Diversification Uncorrelated with Public Markets
A Genuine Social and Economic Impact:
Successful succession, job preservation, and local growth
A Structured, Transparent, and Performance-Driven Approach
At lefonds.capital, we do more than provide financing.
We structure, we select, we support.
Rigorous Selection of Qualified Searchers
Identification of Profitable and Transferable SMEs (EBITDA €0.5M – €2M)
Deal Structuring with Clear Governance, Shareholders’ Agreement, and Reporting
Strategic Support for the Acquirer During the First 3 to 5 Years
EACH INVESTMENT IS ASSESSED, APPROVED, AND MONITORED WITH RIGOR
Why Choose to Invest with lefonds.capital?
Recognized Expertise of the Founders
Clear and Structured Investment Process
Active Network of Searchers and Industry Experts
Access to Off-Market Deals Unavailable Through Other Channels
Measurable Impact: Successful succession, local growth, and job creation
Frequently Asked Questions
What exactly is a Search Fund?
An investment vehicle that finances the acquisition and growth of a profitable SME, built on strong alignment between investors and entrepreneurs.
What is the minimum investment?
Starting from €100,000 for qualified individual investors.
What kind of returns can be expected from this asset class?
Historically between 20% and 30% IRR, according to Stanford studies (with no guarantee of future performance).
Can I co-invest in a specific deal?
Yes, certain transactions are open to co-investment.
