The saturation of the Search Fund model largely depends on the geography, the specific types of Search Funds, and the dynamics of local markets. While more traditional regions and models may show signs of maturing, significant opportunities remain as the model continues to expand into untapped geographies and evolves to encompass diverse structures, such as self-funded, accelerated or industry-specific searches. Additionally, the quickly aging population in many parts of the world is creating an increasing supply of businesses ripe for succession, further underscoring the model's potential for growth in new and underserved markets.

I noticed a huge increase in competition and popularity from the time I started searching to the time I acquired but I think it's a benefit to the community. Investor/searcher relationships and models are evolving. Niche down. Plenty of targets!