Portfolio Diversity

people:

searchers

investors

intermediaries

lenders

lawyers

accountants

consultants

insurance

tasks:

getting started

see job postings

share your PPM

see my deals

read interviews

browse posts:

getting funded

case studies

africa

traditional

industry news

self funded

networking

australia

accounting and legal

latin america

operating

deal sourcing

women in search

acquisitions

single sponsor

europe

deal making

corona

asia

getting started

bestof

interview

tip for the week

north america

04/05/2021 Redacted Redacted

searcher East Carolina University University of North Carolina at Greensboro

Is anyone considering targeting industries/companies that have been the hardest hit by covid for speculative purposes?
trying to determine if I’m getting shiny object syndrome or just being opportunistic...

2 likes 91 views 4 comments

investor Columbia University University of California, Los Angeles Peking University Shanghai Jiaotong University - 04/05/2021

not for search funds, but yes for other value-themed PE / public markets investments

like reply | 0 likes

searcher University of Cambridge WHU-Otto Beisheim School of Management - 04/05/2021

From my experience working with PEs last year, a lot of the good distressed assets are bought already or in the process. In the case of Germany (maybe this applies to the US as well), the next opportunities become apparent once stimulus runs out and also bankruptcy laws are reinstated in pre-COVID form.

like reply | 0 likes

searcher Harvard University - Harvard Business School Bowdoin College - 04/06/2021

David --Yes, great post. I agree with the thesis there is a dramatic recovery in process in most (not all) sectors hit by Covid. Would also say 1) most owners hit hard are reluctant to sell right now, 2) There has been lots of financing through PPP, etc. so there is less distressed or required sales than in other recessions, 3) There are other PE firms and strategic acquirers who are also pursuing this thesis, and 4) despite some investors agreeing with this thesis, most are playing it safe, so

like reply | 0 likes

searcher The University of Georgia - Terry College of Business - 04/06/2021

I agree with Matt, it doesn't fall into the traditional search fund model but there is definitely a market for it. From a conversation I had with a colleague who went the distressed asset route, her biggest feedback was be brutally honest about your capabilities and your capacity to turn around the asset. During my search I came across a distressed asset that was in a field that I personally enjoyed and found myself papering over cracks or ignoring red flags because I wanted it to work. In the e

like reply | 0 likes

sign in to join the discussion

Searchfunder Session: Most Asked Lending Questions for Search Funds

2021-07-27T18:00:00+00:00

THE Summer BIPOC ETA Virtual Mixer

2021-07-28T00:00:00+00:00

Doing A Geographically Focused Search

2021-07-28T18:00:00+00:00

Searchfunder MeetUp: Global Intern Happy Hour

2021-07-29T20:00:00+00:00

Toronto Search Fund Happy Hour

2021-07-29T22:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-07-30T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-07-30T16:00:00+00:00

Buy a Business. Become a CEO - Exclusive Event for MLT Alumni & Fellows

2021-08-03T21:00:00+00:00

Self-Funded Searchers MeetUp

2021-08-04T16:00:00+00:00

1Y Entrepreneurship through Acquisition (ETA) Kickoff

2021-08-05T00:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-08-06T14:30:00+00:00

Searchfunder MeetUp: UK Searcher Bi-Weekly Brainstorm

2021-08-06T15:00:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-08-06T16:00:00+00:00

Bay Area Search Fund Gathering

2021-08-11T00:00:00+00:00

S.O.S. - Searchfunder Ops Session: It’s All About People Lessons Learned from the Trenches on How to Hire, Inspire and Develop Talen

2021-08-11T18:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-08-13T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-08-13T16:00:00+00:00

Get to Know Searchfunder

2021-08-17T16:00:00+00:00

Searchfunder Session: Cybersecurity & Due Diligence 101

2021-08-17T18:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-08-20T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-08-20T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-08-27T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-08-27T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-09-03T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-09-03T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-09-10T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-09-10T16:00:00+00:00

Tepper School of Business - Entrepreneurship Through Acquisition Speaker Series: Tim Bovard, CEO of Search Fund Accelerator (for CMU students only)

2021-09-13T21:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-09-17T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-09-17T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-09-24T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-09-24T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-10-01T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-10-01T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-10-08T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-10-08T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-10-15T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-10-15T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-10-22T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-10-22T16:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-10-29T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-10-29T16:00:00+00:00

Veteran Entrepreneur Training Symposium 2021 (VETS’21)

2021-11-02T13:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-11-05T14:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-11-05T16:00:00+00:00

8th Annual Booth Kellogg ETA conference

2021-11-11T15:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-11-12T15:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-11-12T17:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-11-19T15:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-11-19T17:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-11-26T15:30:00+00:00

Military Veteran EtA Mastermind (Military Veterans Only)

2021-11-26T17:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-12-03T15:30:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-12-10T15:30:00+00:00

Search Fund CEO Conference

2021-12-14T17:00:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-12-17T15:30:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-12-24T15:30:00+00:00

Searchers Mastermind Group - Multiple Dates

2021-12-31T15:30:00+00:00

SMBash - annual meetup of SMB buyers, operators and investors

2022-02-03T13:00:00+00:00

SMBash - SMB/Micro-PE investors, operators and buyers

2022-02-03T14:00:00+00:00

5th International Search Fund Conference - IESE Business School

2022-10-13T07:00:00+00:00