Buy and Build EP 68: Successfully Raising a Traditional Search Fund with Graeme Wallis
Nov 20, 2023
This discussion dives into the intricacies of raising a search fund, highlighting Graeme Wallis's successful journey. Key insights include building a strong investor network and the significance of a balanced cap table. Graeme explores growth industries ripe for acquisition, like insurance and IT, while emphasizing strong cash flow. The episode also showcases the vital role internships play in this ecosystem and addresses the challenges of navigating market fluctuations and managing debt during acquisitions. Personal transitions add a unique layer to the conversation.
AI Snips
Chapters
Transcript
Episode notes
Buy and Build Accelerator Launch
- Paul announced the Buy and Build Accelerator as an in-person bootcamp limited to 20 attendees.
- The program focuses on sourcing, structuring deals, raising capital, and connecting peers and experts.
Fundraising Rollercoaster
- Graeme described fundraising as a rollercoaster with real highs and real low periods.
- He called the experience entrepreneurial and at times 'masochistic.'
Search Launch And Cap Table
- Graeme officially launched his search on August 1st and closed a raise with 12 investors.
- He mixed classic search fund names with seasoned operators and family office partners.