Is anyone willing to share creative vesting schemes for a traditional search fund SHA?
What are current market conditions regarding the last tranche (1/3) of total searcher vesting? Is conditioning last tranche to exit (IRR performance calculated only at exit) common practice? Only cash? Stock? Rationale by some institutional investors is that stock does not make sense conditioned to exit (they want to align you with selling the company), and they want to condition vesting on making an exit. Any comments welcome. Thank you!