Hello All,

Would love folks' opinions on what is reasonable in terms of self-funded searcher equity allocation:

- current owner to roll a significant amount of equity (20% area) and remain involved in day to day
- looking to have outside equity sources cover the majority (but not all) of the cash equity (happy to have a preferred equity situation for this group)
- debt ideally would come w/o a PG

I understand that a large common equity ask here might be a reach (especially w/o PG on debt) but thought considering the deal risk I am taking on and for putting deal together that something substantial might be possible. I appreciate your feedback and it will be helpful in going to equity sources for an initial ask. Thank you!