Search Fund Jargon Translator
Clear, plain-English definitions of ETA and dealmaking terms, with practical notes and examples.
Search Fund
An investment vehicle through which an entrepreneur (the 'searcher') raises a small amount of capital from investors to search for, acquire, and operate a privately held company.
Capital Call
The process by which a fund manager (like a search funder) requests committed capital from their investors to make an investment.
Self-Funded Search
A model of ETA where the searcher uses their own funds (or funds from a small, informal group) for the search phase and raises acquisition capital on a deal-by-deal basis.
Accelerator-Led Search
A hybrid ETA model where a searcher joins a formal program (an accelerator) that provides capital, mentorship, and resources for the search and acquisition process.