Hi everyone,
I wanted to share my strategic plan for Fogo Capital, my search fund.
--- Link to the strategic plan ---
My search fund model, how I see it, would be more than just a one-off acquisition, it would be a long-term partnership with investors. While I’m still exploring whether a search fund is the right path for me (given I have a job lined up post-MBA), I’m actively evaluating funding opportunities in the Middle East (where I currently live) and will soon move to Europe to explore that market.
Key aspects of my approach:
Search Fund as an Investment Product – Instead of positioning SFs as a niche entrepreneurial opportunity, I see them as an alternative investment class delivering high risk-adjusted returns###-###-#### % IRR) while allowing investors to phase their risk exposure. I have worked in Billion dollar transactions before, my previous employer was a leader in Latam, therefore there is a de-risking investment factor as well
Global Fundraising Strategy – Unlike traditional SFs that rely mostly on U.S.-based investors, I aim to diversify across North America, Europe, and the Middle East, engaging different investor profiles:
Igniters (Angels, Friends & Family) for initial backing
Builders (Family Offices, Specialized SF Investors) for structured support
Amplifiers (PE funds, Institutional Investors) for post-acquisition scaling
Beyond One Deal – Most search funds focus on a single acquisition, but I’m evaluating alternative structures such as holding companies or roll-ups to create a more scalable investment vehicle.
Investor-Centric Approach – A key part of my plan is building long-term relationships instead of transactional fundraising. This means aligning governance, incentives, and communication with investor expectations, from small backers to institutional players.
I’d love to hear insights and reactions:
Have you seen successful multi-deal SFs or hybrid models in action?
What were your biggest challenges in securing funding outside the traditional U.S. SF market?
For investors here—what makes an SF pitch stand out to you?
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