As an attorney to Search Funds, Searchers, and Independent Sponsors I have noticed a blurring of the lines between Searchers and Independent Sponsors when it comes to sought after economics. My team and I recently published an article which details the economics that an Independent Sponsor can expect. I think that this could be a worthwhile read for any Searchers out there who like the idea of a carry/promote structure with performance hurdles better than common equity subject to vesting. Please see a link to the article below:

John C. Gilson Moore & Van Allen PLLC [redacted]office) [redacted]mobile) [redacted]