EXITING INVESTOR ON A TRADITIONAL SEARCHER
An investor in our traditional search fund told me that he no longer has enough disposable capital to invest on a possible acquisition. We are still searching and don’t have a potential transaction as of today. What are our alternatives ? Is it possible to sell his unit to someone else outside of our investor pool ? There will probably be a ROFR of the current investors, but ideally, I would rather sell outside of my current cap table. Thank you all in advance !