
Search Funds
A UNIQUE PATH TO BECOME A BUSINESS LEADER
Are you ambitious, talented, and determined to lead your own company?
The Search Fund model could be the opportunity that transforms your life and propels you into the role of an impactful entrepreneur.
Become an SME manager thanks to the Search Fund model
Are you an entrepreneur at heart, but don't want to start from scratch?
The Search Fund is a powerful alternative to launching a business: you acquire a profitable SME, with the support of experienced partners.
At lefonds.capital, we support Searchers at every stage of their journey: funding, credibility, network and strategic support.


What is a Searcher?
A “Searcher” is an entrepreneur who chooses to acquire an established business rather than create one from the ground up.
The process relies on a Search Fund: an investment vehicle that provides financing for the search, acquisition, and management of a profitable SME.
Originating at Stanford in the 1980s, this model has enabled hundreds of aspiring executives to assume leadership of robust companies, supported throughout by experienced investors.
Why choose the Search Fund with LeFonds.Capital?
A model that recognizes and amplifies your leadership.
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Vous êtes au cœur du projet
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Vous identifiez, acquérez et développez une entreprise rentable, tout en bénéficiant du soutien d’investisseurs expérimentés et engagés à vos côtés.
Privileged access to a robust and established company.
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The Search Fund enables you to acquire an established SME with strong growth potential, providing an optimal starting point to create value and make a lasting impact on the market.
Our support for Searchers
Financing
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We invest in your Search Fund.
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We co-invest in your acquisition.
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We facilitate access to additional partner investors.
Guidance and Support
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Strategic coaching at every stage (search, negotiation, acquisition).
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Access to a network of experts (finance, legal, operations).
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Review and validation of documentation prior to submission.
Credibility
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You gain credibility with sellers and financial institutions.
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You benefit from our reputation and proven track record.
Network
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Integration into a community of active Searchers.
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Sharing of opportunities, tools, and best practices.
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Access to our network of business owners, partners, and advisors.

Testimonials from Supported Searchers
The financial and strategic support of the fund was decisive in completing the acquisition. It allowed me to focus on what truly matters: taking over and growing the business.
CLAIRE B. – CEO of an industrial SME since 2023
Lefonds.capital enabled me to establish credibility from the very beginning of the search phase. Their support helped me structure my approach and successfully convince a demanding seller.
MAXIME D. – Searcher in the Rhône-Alpes region
What We Look for in Our Searchers

An entrepreneurial profile with strong drive and motivation.

Strong analytical and organizational skills.

Significant professional experience (operational or consulting).

A desire to commit to a long-term project with strong human impact.
We are not looking for perfect profiles, but for determined and consistent ones.
The Journey of a Searcher with lefonds.capitalThe Journey of a Searcher with lefonds.capital
STEP 1
Application & Initial Meeting
Together, we validate the alignment between your entrepreneurial project and the Search Fund model.
STEP 2
Structuring the Search Fund
We provide support throughout the entire process.
ÉTAPE 3
Company Search
Nous vous apportons un soutien actif grace à notre méthode et notre réseau.
STEP 4
Acquisition & reprise
We co-invest in the selected company and remain by your side to ensure a successful transition.

Frequently Asked Questions
Do I need to have already identified a company to acquire?
No. You may apply even without a target company. We support you from the very beginning of the search phase.
How long does the search phase last?
On average, between 12 and 24 months.
Do I need to have already raised funds?
No. We can act as your first investor and help you structure the fundraising process.
What is the typical size of the target companies?
Profitable SMEs generating between €1 million and €5 million in EBITDA, often under the radar of the broader market.
Where can I find information before getting started?
Visit the resources page we have curated for you here.
Ready to become a CEO through the Search Fund?
Join lefonds.capital and benefit from a proven model, a strong network, and strategic guidance at every stage.
Nous recherchons des profils motivés, engagés, prêts à reprendre une entreprise avec rigueur et ambition.
You are in the right place to turn your ambition to lead into a concrete, structured, and well-supported project.