We believe that, by fostering incredible entrepreneurial talent, search funds have the potential to become a force for good. Here are some of our favorite stories.
By Ignacio Olavarría Fund I After two exits in 2024, eight occurred in 2025 and three more in 2026 so far. Their average MOIC and IRR stand at…
Quite late and with a more limited distribution than in previous years, here is the annual comment on Istria’s activity. Fund I is performing well. Fund II had…
Coincidentally, Istria made the same number of investments in 2023 as it did in 2022: 26 search funds, 12 acquisitions. Capital deployed was much higher though, c. €12m…
When we started investing in search funds almost eight years ago, we thought that the retirement of the baby boomers would lie at the heart of our investment…
Another interesting year in the search fund space. Let’s start with Istria’s activity: Invested in 26 search funds (including four that fundraised last year but launched in January).…
There are many aspects of the search fund journey that lie outside the control of the entrepreneur. A mix of both skill and luck dealing with this uncertainty is…
As an investor managing a fund of search funds, I spend a lot of time reflecting on portfolio construction. A question that I think hard and often about, is…