fundraising tools: are search funds alternative investments?

October 31, 2019
by a searcher from University of Exeter in Arlington, VA, USA
i focus on fundraising and investor relations and i'm coming across more and more online tools, e.g. https://www.investorintelligence.io/raise-fund, some of which are specifically targeted at alternative investment issuers.
First question: what is the consensus opinion on whether or not a search fund is an alternative investment?
Second question, if you used an onlne fundraising tool (such as the one above) how much of your fund did you raise with it?
from Cornell University in San Francisco, CA, USA
from Massey University in Los Angeles, CA, USA