How do investors deal with their portfolio competing in the same space?

January 26, 2025
by a searcher in Lisbon, Portugal
I was wondering how serial investors in search funds manage searchers in their portfolios competing directly in the same regions or sectors.
I assume many professional investors have policies on how to handle potential conflicts, however there might be some grey areas. This is especially true if the investor also has an active role in sourcing deals for its searchers.
Anyone had to deal with this issue? Would love to hear some perspectives here.
from INSEAD in Milan, Metropolitan City of Milan, Italy
in London, UK
I have heard of searchers putting in place confidentiality agreements in competitive processes where they came across other searchers with whom they shared investors. But, others might have direct experience of this and can confirm.
In any event, some sort of information barrier, sounds reasonable.