Fondos de búsqueda

Fondos de búsqueda

Un camino único al emprendimiento

Informe 2020

Informe 2020

International Search Funds 2020: Selected Observations

IESE Business School, en colaboración con Stanford Graduate School of Business, ha publicado los resultados del estudio bienal de los fondos de búsqueda globales, que proporciona información nueva e importante sobre los rendimientos financieros y las principales características de los fondos de búsqueda internacionales, junto con las cualidades de los emprendedores de fondos de búsqueda exitosos.

Puedes ver el webinar especial sobre los resultados del informe, y también leer respuestas a las preguntas recibidas durante la sesión.

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Conferencia del informe 2020

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Los fondos de búsqueda son un nicho de activos que empezó y se desarrolló inicialmente en el mercado estadounidense. Estos vehículos de inversión permiten que personas o asociaciones con gran potencial y espíritu emprendedor localicen, adquieran, gestionen y hagan crecer una empresa privada. El modelo de fondos de búsqueda ofrece a los jóvenes emprendedores la oportunidad de convertirse en directores de una empresa a una temprana etapa de su carrera.

El IESE International Search Fund Center se compromete a ofrecer su apoyo a emprendedores e inversores de todo el mundo atraídos por los fondos de búsqueda. Gracias a las investigaciones, los eventos y las redes de contactos, tratamos de comprender los retos específicos de los fondos de búsqueda y ofrecemos recursos que ayuden a los emprendedores y a los inversores a embarcarse con éxito en esta forma de iniciativa emprendedora.

En colaboración con Stanford Graduate School of Business, el IESE International Search Fund Center identifica y monitoriza los fondos de búsqueda internacionales y publica un estudio bienal con los resultados de estos fondos.  El estudio bienal de Stanford cubre los fondos de búsqueda en Estados Unidos y Canadá, mientras que el estudio de IESE cubre los fondos de búsqueda en los otros países del mundo.

El MBA del IESE ofrece un curso intensivo a sus alumnos centrado específicamente en los fondos de búsqueda. IESE es la primera escuela de negocios en ofrecer éste curso fuera de Estados Unidos, y se ha convertido una de las asignaturas electivas más populares de IESE.  Más de 35 graduados han levantado fondos de búsqueda y actualmente 14 alumni de IESE son CEOs de compañías adquiridas a través de fondos de búsqueda en cinco países.

Desde 2015, el IESE ha organizado tres International Search Fund Conferences con el objetivo de reunir a directores ejecutivos, buscadores e inversores para debatir los retos y oportunidades que enfrentan las personas de la comunidad de fondos de búsqueda. La International Search Fund Conference se lleva a cabo cada dos años, alternándose con la Search Fund Conference de Stanford.

El IESE International Search Fund Center forma parte del ecosistema emprendedor del IESE para el desarrollo de nuevos proyectos, la innovación y el crecimiento.

La 4th International Search Fund Conference, prevista para octubre 2020 en Barcelona, se ha cancelado.

1a Conferencia Internacional sobre Fondos de Búsqueda
IESE, Barcelona – 24 de abril de 2015

Durante los últimos 20 años los fondos de búsqueda han tenido un gran éxito en Estados Unidos y Canadá. Este modelo, que permite a jóvenes emprendedores poner en marcha su negocio y es una oportunidad única para inversores, ha producido grandes retornos y está ganando popularidad en Europa y otras zonas del mundo. El propósito de esta conferencia fue dar a conocer el modelo de fondos de búsqueda a potenciales emprendedores e inversores interesados en este tipo de activos. 

Videos de las sesiones:

IESE – International Search Funds – 2020: Selected Observations
IESE – International Search Funds – 2018: Selected Observations
IESE – International Search Funds – 2016: Selected Observations
IESE – International Search Funds – 2013: Selected Observations
IESE – International Search Funds – 2011: Selected Observations
This note is a biannual study completed by IESE Business School on search funds that were formed outside the United States and Canada. It was undertaken in partnership with Stanford Graduate School of Business.

Letter to a Young Operator on Managing During a Crisis – EN-0034-E

IESE Re-Thinking Search Fund Incentive Structures
This study analyzes several components of the typical search fund acquisition structure, with the aim of strengthening the alignment between the searcher and investors.

IESE – Search Funds – What Has Made Them Work?
This note highlights the key success factors of search funds based on interviews with past searchers and serial search fund investors.

IESE – The First 10 Questions for Would-be Searchers
This note answers ten of the most common questions asked by people who are relatively new to the Search Fund model, or have never heard of a Search Fund before.

IESE – Considerations for Entrepreneurial Acquisitions
This note synthesizes interviews with entrepreneurial acquirers and financiers from across the globe and summarizes the considerations any would-be entrepreneur should address as they embark on the journey of acquiring an entrepreneurial opportunity.

VIDEO – IESE Introductory Session on Search Funds
IESE, October 20, 2014: Simon Webster, Rob Johnson, Marc Bartomeus

E-conferences: Search Funds
IESE, November 18, 2013: Rob Johnson, Sandro Mina, Simon Webster

E-conferences: An innovative entrepreneurial acquisition model: the Search Fund
IESE, February 11, 2013: Marc Bartomeus, Pep Casas, Rob Johnson, Will Thorndike, Simon Webster

VIDEO – Global Entrepreneurship Week: Simon Webster, Mark Egan
A video introducing Search Funds and the Search Fund experience.

2020 Search Fund Study: Selected Observations
A study of the financial returns and key qualities of search funds formed in the United States and Canada since 1984. This study provides data and insights to support the search fund community including current searchers, CEOs, investors and entrepreneurs evaluating whether they want to pursue a search fund.

Stanford Search Fund Primer
For those contemplating the pursuit of a search fund, the CES has created a practical guide to answer the most frequently asked questions. The Primer aims to provide an unbiased view of the benefits and challenges, explains the model from the entrepreneurs’ and investors’ perspective, and gives many operational and execution tips from previous search fund entrepreneurs.

Stanford Search Fund Page (including historical studies)
Stanford’s Search Fund Page provides links to their Search Fund Primer and Search Fund Studies.

VIDEO – Search Fund Videos from Stanford GSB
A series of videos from classes and panels focused on Search Funds.

What it Takes to be a Search Fund Entrepreneur
The search fund model explained by experienced investor Coley Andrews.

 

Intern Training Manual & Director’s Training Manual
These two manuals were developed by a US-based search fund and have since been used by numerous searchers. They provide a step-by-step guide for training interns and the intern manager.

Search Fund Guide to Internships
The purpose of this guide is to provide a ready reference for the use of interns in search funds. It provides searchers with resources describing how to recruit, train, and manage interns, along with checklists, forms, templates, and samples that searchers need for managing internship programs. 

Harvard Search Fund Page
Harvard’s Search Fund page provides an overview of the model and several good videos that cover topics relating to Search Funds.

Tuck School of Business at Dartmouth – Note on Search Funds
This note provides an abbreviated overview of the Search Fund model and is a good place to start for those who are new to Search Funds.

Search Fund Model in Germany
Platform created by Search Fund investor Jürgen Rilling to spread the Search Fund model to German speaking countries.

Blog – Jim Sharpe, HBS
Jim Sharpe is an Entrepreneur in Residence at the Arthur Rock Center in the Entrepreneurial Management Unit at the Harvard Business School. His interests are in the area of search acquisitions.

Search Fund model in France
A platform created by the searcher Bruno Lea to explain and spread the search fund model in France.

April 2015:
Ofering an exit strategy for aging European business owners
Fortune

March 2015:
Entrepreneurs use business school tool to buy companies globally
Financial Times

November 2014:
Why You Should Sell Your Business to an MBA
Entrepreneur

November 2014:
Ariol Capital destina 10 millones para hacer crecer Repli
ASCRI

August 2014:
The Search Fund Model: How to Become a 28-Year-Old CEO
Forbes

June 2014:
International Search Funds: Tracking Tomorrow’s Trend
IESE Insight

April 2014:
Graduates hunt for ‘search fund’ success – FT.com
Financial Times

November 2013:
Booth MBAs Now Have a Pipeline to Investors
Bloomberg Businessweek

October 2013:
Stanford’s B-School Sensation: Plot a Takeover in Two Weeks
Forbes

August 2013:
Prime Minister of Saxony at S-Cape GMBH
S-Cape

February 2013:
Business-Buying Search Funds Gain Momentum
Entrepreneur

November 2012:
Der Nachfolger
Brand Eins

October 2012:
Search Funds: The Boys Club You’ve Never Even Heard Of
Forbes

September 2012:
Search Funds: A New Way to Find Returns
LAVCA

August 2012:
Search Funds: An MBA Shortcut to the C-Suite
Bloomberg Businessweek

August 2012:
Search for a Business – Best Practices
Bay Investment Partners

September 2011:
Suche Chefposten, biete mich
Süddeutsche

August 2011:
Doce inversores crean Ariol Capital para entrar en pymes consolidadas
Expansión

August 2011:
Hunting for the Deal: 7 Stages of the Search Fund Model
Business Insider

May 2011:
Finders, keepers
The Deal Magazine

May 2011:
Seek and you will find
The Financial Times

May 2011:
Search Funds: A Financing Option for Business Buyers
Entrepreneur

August 2010:
Business angels put MBA graduates on the fast-track to becoming chief executives
The Telegraph

November 2009:
Enterprising approach to entrepreneurship
The Financial Times

October 2009:
The Secret Of Search Funds
growthbusiness.co.uk

October 2009:
An alternative source of funding
The Financial Times

April 2009:
How to Make Acquisitions in a Down Economy
Bloomberg Businessweek

March 2009:
Paying Entrepreneurs to Find the Right Business
The New York Times

February 2009:
Business Opportunities Abound, Even in Bad Times
The New York Times

Spring 2009:
An Alternative Route to Entrepreneurship
IESE Alumni Magazine

August 2007:
Looking for a Company to Run? Search Funds Could Be the Answer
Knowledge @ Wharton

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