Constructing a Cap Table for the PPM

May 13, 2022
by an investor from University of Birmingham in London, UK
I have recently had conversations with a couple of potential investors.
After having shown them my PPM, some have mentioned that it was lacking a cap table. I have struggled to find any examples of cap tables specific to search funds. I was wondering if anyone has had experience in building search fund cap tables to slot into the PPM?
Are search fund cap tables the same cap tables that one would expect to find in other asset classes? Are there any details specific to search funds that are important to include?
Thank you for any insight that you may be able to give.
from Ivey Business School at Western University in Toronto, ON, Canada
For example, you can say something like "I'm looking to sell 10 units at $50,000 each." That way if I'm an investor and I want to purchase 1 unit, I know my allocation of an acquisition capital call would be 10%. This provides a good idea upfront as to how much capital they're realistically committing to provide (should they choose to exercise their right).
from Harvard University in London, UK