Valuable lessons from an overlooked asset class
Since the launch of the first search fund in 1983, over 500 of these investment vehicles have been founded. With historical pre-tax IRRs of over 35% and pre-tax returns on capital of 7.5x, search funds are starting to attract the necessary attention outside the US.
In this session, Professor Jan Simon will provide insight into the world of search funds and deliver valuable lessons on entrepreneurial acquisitions (acquisitions by entrepreneurial managers), including sourcing, acquiring and growing a company.
Jan Simon teaches capital markets, investments, alternative investments and sports management in IESE's MBA program. Additionally, he is section head for international MBA students.
Prof. Simon earned his MBA from IESE and his law degree from the Katholieke Universiteit of Leuven, Belgium. He also holds a postgraduate degree in investment advice from EHSAL Brussels, Belgium, and his Ph.D. at the University of Essex, U.K.
Before joining academe, Prof. Simon worked as executive director for Goldman Sachs, helping to set up the pan-European sales trading desk in London. Prior to that, he was vice-president and co-head of Salomon Brother's emerging markets trading desk in London.
Prof. Simon is co-writer of the website BankCV.com, which won the Association of Business School Award for New Business and was short-listed for the Computer Weekly Award in the start-ups category in 2001. He serves on the board of management of several start-up companies.