LP minimums for Funds/Accelerators of Search Funds

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December 11, 2019

by an investor from University of Pennsylvania - The Wharton School in Washington, DC, USA

Anyone know LP minimums for Funds/Accelerators of Search Funds?

Looking to get exposure to search funds asset class (and also as current CEO/operator a way to give back to multiple operators) and interested in "funds of search funds" / search fund accelerators.

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Reply by a searcher
from University of Exeter in Arlington, VA, USA
Depends on the fund, of course, but it may help to break it down by qualification of LPs. Many are, for example, for accredited investors only and others - often with a higher minimum - will be for qualified clients or qualified purchasers. Ours is $500k minimum. Much will depend on the need for GPs to balance operations and functions, i.e LP base and portfolio construction. We aim for 6-8 of each. Hope that helps!?
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Reply by an investor
from University of Pennsylvania in Washington, DC, USA
Makes sense. I assume most will require being an accredited investors (I've done that process for other funds). Makes sense on need for GP constructions - depends on needs of fund.
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