Hey everybody, I am debating the merits raising a search fund with the objective to buy a business for an indefinite long-term hold, eventually returning investor capital through dividends, a partial sale, or a dividend recap as opposed to a sale 3-5 years after acquisition.

Two questions:

Has anybody raised a search fund with this end objective? Would you be willing to share your experience with me?

Do folks have any advice on how to identify the subset of traditional search fund investors or single sponsors who would be interested in this strategy?