The idea would be to use the search fund to finance the pursuit of land for a very specific type of development applicable to a specific market. Essentially, syndicating out a portion of the GP platform to search fund investors. Anyone heard of anything like this in the search fund community specifically? Obviously, a different risk profile, but I think the structure would be similar - search fund pays for pursuit costs and entitlement (like funding the acquisition search), then capitalizes the deal for vertical construction (like funding the actual acquisition).
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Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
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