January 2017
Beginner
320 pages
5h 22m
English
Depending on the search parameters you chose in the last chapter, the cost of your two-year search may be over $1.0 million. Even if you search alone, use brokers, and keep your search focused, the two-year cost of your search is likely to be almost $500,000. Assuming that you are like most professionals, you probably don’t have those resources at hand. This chapter focuses on how to get the money you need for your search.
A partnered, national search that uses direct sourcing usually requires raising money from investors at the outset of the search. The vehicle you’ll use to raise that money is commonly called a search fund. It pays for the out-of-pocket expenses we identified in chapter 4 (“Anticipating the ...