I have been putting a few pieces of this search fund puzzle together. So from what I am understanding; After we form a legal entity, we write the ppm with all the (who, what and how) information of the target business. Then we put on our best Oliver Twist and approach investors for backing with option to invest more later. This amount we raise more than likely would satisfy the equity contribution for a bank loan, correct? Also industry experience, how does that factor? My industry experience is all in transportation which is what I want to acquire anyways. Anyway thank you in advance for any insight.