COVERING COSTS IN SEARCH FUND FUNDRAISING PERIOD

I'm considering launching a traditional solo search fund, My understanding is that fundraising for the search fund itself may take as long as 6 months (~3 sounds more common.) I'm in a stable financial situation, but 3-6 months' lost income would definitely leave a dent.

I have a few questions around how searchers managed cash burn during this fundraising period:

  1. What tactics, if any, have other searchers used to cover the costs of fundraising and any legal, travel, or other expenses incurred throughout the process?
  2. Is there precedent for searchers considering this time investment "sweat equity," earning themselves a unit in the fund?
  3. Is the process time intensive enough such that picking up freelance work or consulting income is a bad idea?

Appreciate any thoughts or feedback. Thanks!



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