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Chapter PD: Search Funds Investments - May 2018

 

  
Date:   Wednesday, May 2, 2018
Time:   Registration & Networking: 7:30 AM - 8:00 AM / Presentation: 8:00 AM - 10:00 AM
Location:   SFU (downtown)
Morris J Wosk Centre for Dialogue - 580 W. Hastings Street, 
Vancouver B.C., 
V6B 5K3 
PD Hours:   2 Hours
Level: 
 General**
   

Program Outline: 


Course Overview:

A search fund is a pool of capital supporting the efforts of an entrepreneur, or pair of entrepreneurs, in locating a privately held company for the purpose of acquiring, operating, growing and selling it.
Since the launch of the first search fund in 1983, over 300 search funds have been launched in North America and 80 internationally. The Center for Entrepreneurship Studies at Stanford has reported on the performance of investments in search funds and the follow-up acquisitions in North America since 2001. Excluding the 52% IRR in the 2007 study, CES has constantly reported IRRs in the high thirties.
With this permanent high performance, investments in search funds and their subsequent acquisitions perform very favorably vis-à-vis other alternative asset classes such as hedge funds and real estate as well as when compared to private equity, be it in US, Europe or Pacific Rim. The only asset class that performs similarly in terms of returns is US venture capital, arguably with a much steeper risk profile.
Search funds investing is however not well known outside some dedicated investment funds and a series of serial investors.
During the session ‘Search Funds Investments, the Asset Class Nobody Keeps Up With’, you will be informed about the specifics of this asset class, why it has delivered the above-mentioned returns as well as what is happening in this space in Canada and the rest of the world.

   
Speaker: 
 

Jan Simon teaches capital markets, investments, alternative investments and wealth management inIESE's MBA program and executive programs. As a visiting professor at SFU he teaches financial management, entrepreneurial finance, new venture finance and entrepreneurship.

Prof. Simon earned his MBA from IESE and his LLM from the Katholieke Universiteit of Leuven, Belgium. He also holds a postgraduate degree in investment advice from EHSAL Brussels, Belgium, and his Ph.D. from 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.

He served the first battalion Para-Commando as well as NATO’s special intervention forces. He holds both Commando A and Parachutist A military certificates.


   *As a courtesy to our speaker and other seminar attendees, please remember to arrive on time for events.
   **A full description of our PD course levels can be found here.

 

 

 

 

 

 


Sorry, registration for this event is now closed.

Please contact CPABC Vancouver Chapter at [email protected] for more information.