Venture Capital - Salt Lake City, Utah, US
Global Private Equity Group, LLC is looking for capital partners to fill the equity gap of small to medium sized business acquisitions. Post acquisition, we use technology to increase profit margins and design employee incentive structures to align company goals. Then, we design employee incentive structures to align company goals. Background In early 2008, GlobalPEG founder Jacques Jonassaint was encouraged to start what is now commonly known as a “search fund” during a discussion with Tim Bridgewater of Interlink Capital Strategies. Driven by his past experience in the 90s, with currency swap and corporate bonds arbitrage, Jonassaint took issue with the mechanics of raising a fund to acquire businesses in the future as putting the cart before the horse. Jonassaint has now returned to the private equity field as an acquisition entrepreneur. WHY NOW? Retiring Baby Boomer will be selling 70% of the $10 trillion worth of assets found in their small businesses over the next 10-15 years. Since 1996, the Center for Entrepreneurial Studies at Stanford Graduate School of Business has conducted a series of studies on the performance of search funds. The current report includes data as of December 31, 2017, updating the previous study with search fund activity during 2016 and 2017. For this study, using conservative assumptions, the aggregate pre-tax internal rate of return of the search fund asset class through year-end 2017 is 33.7 percent, and the aggregate pre-tax return on investment is a 6.9x ROI. Against the backdrop of intensifying competition in the private equity markets, ubiquitous ultra-cheap debt, and record levels of dry powder in investment funds worldwide, asset prices are being bid up in a low-yield environment. This has led to the perfect conditions for investors to transition from traditional private equity to the more contemporaneous and potentially more lucrative model of search fund investing.
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