Investor letter of support template

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August 17, 2020

by a searcher in Berkeley, CA, USA

Hello Fellow searchers, I am in the prep phase of my search and have been looking online and in the GSB primer exhibits for a template for the investor letter of support. I have not been able to locate one yet and would appreciate any pointers.

Thank you.

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Reply by a searcher
from University of Pennsylvania in New York, NY, USA
In my prior role, we sometimes backed independent sponsors in a non-binding bid. In those cases, we would write a "comfort letter" or "support letter" -- it didn't really have any teeth, but basically provided our background/experience, why we're a good acquirer for the business, and how much money we manage, basically all to help the independent sponsor show they are a real bidder. We didn't have a form letter for that - they were usually pretty short & sweet (<2 pages), mostly used off-the-shelf language we'd use in our own LOIs or IOIs, and tried to focus on what was salient to the deal. For example, if the target was a media company, we may mention our prior investing experience in media.
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Reply by a searcher
in Austin, TX, USA
Kaustubh, appreciate your insight and your taking the time to offer your experience. Many Thanks
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