Hi all,

I'm new to the community and recently started up a search fund with a few partners. I'd love to hear your thoughts on owner/operator willingness to sell or engage in discussions in the current lower middle-market environment. Do you feel that owner-operated businesses are less open to being acquired/invested in given a tighter labor market, costlier financing options, and increased market uncertainty? Is it making the deal process more difficult/transactional, or more expensive?

Again, I would love to hear your thoughts/experiences with this as our fund starts this new journey. Thanks!