For those entrepreneurs who want to run a company but prefer to skip the start-up stage search funds offer a possible alternative. A specialized form of private equity first launched in the mid-1980s search funds are becoming increasingly popular -- and their supporters claim they can offer investors attractive returns and business owners a compelling exit strategy. What does this trend in private equity mean for investors and for small businesses that might be acquisition targets for these funds? Robert Befidi Jr. and Mark Sinatra managing directors of Gordian Capital in New York City spoke to Knowledge at Wharton about the pros and cons of search funds.
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