Investor education

Learn SMB investing

Move from the fundamentals of small business investing to the models and questions used to evaluate specific opportunities. These guides build in sequence, but each also stands on its own.

A practical sequence

Begin with the asset class, then examine two ways investors encounter and assess individual deals.

  1. 01

    SMB investing

    Start with the characteristics of established small businesses, common investment approaches, valuation, due diligence, and access options.

  2. 02

    Search fund investing

    Learn how the search fund model works, from the search and acquisition phases through operating the business and evaluating risk.

  3. 03

    Co-investing

    Understand direct investments made alongside a sponsor, including common structures, potential benefits, risks, and diligence questions.

Supporting resources

Look up unfamiliar language in the glossary or compare investment structures and acquisition strategies side by side.