Industry Thesis Feedback

Dear Community,

We're launching a partnered search fund and we are currently working on our PPM. Even though we are industry agnostic, we are doing 2/3 industry thesis on those that are more interesting to showcase the potential and opportunity. As we are developing these industry thesis, we are looking for feedback on structure/size and experience sharing on is best practice (we want to provide detail but there might be a good balance between detail and time spent). Here's how we are developing:

• Introduction (1-2 pages): Overview of the industry, why we are targeting it, and macro trends;
• Market Trends & Drivers (2-3 pages): Key growth drivers and trends;
• Competitive Landscape (1-2 pages): Analysis of major competitors, barriers to entry, and competitive advantages;
• Acquisition Criteria (1-2 pages): Specific criteria for selecting target companies within the industry;
• Risks & Mitigation (1-2 pages): Potential challenges within the industry and strategies for mitigating these risks;
• Exit Strategy and Valuation Multiples (1-2 Pages): typical exits seen in the industry (within and outside of selected region)
• Conclusion###-###-#### Page)
  Any thoughts?
  
  Thank you!
  AP