I have recently had conversations with a couple of potential investors.

After having shown them my PPM, some have mentioned that it was lacking a cap table. I have struggled to find any examples of cap tables specific to search funds. I was wondering if anyone has had experience in building search fund cap tables to slot into the PPM?

Are search fund cap tables the same cap tables that one would expect to find in other asset classes? Are there any details specific to search funds that are important to include?

Thank you for any insight that you may be able to give.