One concept to bind them: An exploration of the search fund phenomenon
Bauer, D., Reif, T., & Junge, S. (2026)
European Management Journal, 44(2), 344-359
21 semi-structured interviews with searchers, investors and target CEOs. Argues search funds are a novel entry mode into entrepreneurship and that searchers are a hybrid of internal and external succession candidates ("a family business without kinship"), potentially the second-best option after internal succession.
Sourcedoi:10.1016/j.emj.2025.02.0071 citations (OpenAlex)