Does anyone have a good read on what current market terms are for investor equity in self-funded search deals? Prior to the move in interest rates I had heard a preferred return of 8% and anywhere between 20-40% common ownership depending on how much capital is raised. I assume that preferred return has come up to something like 12%.

Currently working on a small capital raise for a self-funded deal where the searchers will be funding half of the equity need. The other half will come from friends, family, and former colleagues that aren't as plugged in to the searchfund landscape. Trying to make sure the terms are reasonable.