LEARNING ABOUT THE SEARCH FUND MODEL AT THREE PILLARS CAPITAL – CHICAGO FIELD STUDIES BLOG
Edward Tao Zhu. This fall quarter I was interning at Three Pillars Capital, a search fund piloted by an ex-military investment banker. It was interesting to learn about the search fund model, which in essence is a private equity firm interested in acquiring and operating only one company. The search criteria is mostly similar to PE, and we mostly target companies that have strong, recurrent revenues in a fragmented market that is defensive against economic downturns. The intern pool consisted of 4 interns, evenly split between NU and UChicago. The primary task of interns is to facilitate the lead generation process.