Venture debt for search acquisitions? – Special interest in self-funded
Has anyone here used a venture debt fund as part of the financing for a search fund acquisition?
I'm especially interested in hearing from self-funded searchers. If you've used venture debt alongside bank debt, seller financing, and equity, I'd love to hear about your experience.
In particular:
Did it affect your equity contribution or cap table?
Did it change your equity vesting or incentive structure?
Any lenders you'd recommend?
Thanks!