Agate Hound Funds

agatehound.fund

Agate Hound Fund is the world's first fund of funds dedicated to the search fund asset class, focusing on the traditional search fund model for acquisitions in the U.S. The firm hand-picks the most established and successful search fund managers and invests in a diversified portfolio of their funds.

Check Size

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Stages

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Focus Areas

Other

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Investment Thesis

Agate Hound Fund believes that search funds represent an exceptional and underutilized asset class that can fundamentally change the world. As stated on their website: ‘We believe search funds can, are, and will change the world… and are an incredible place to invest.’ The fund operates as a diversified ‘index funds’ approach to search fund investing, leveraging a 40-year track record of superior returns. The philosophical conviction is that search funds represent ‘the new venture capital,’ with the founder dedicated to this strategy for the remainder of his career.

What Sets Them Apart

World's first fund of funds specifically for search funds
Documented 40-year track record showing net 35% average returns according to Stanford study
Management team with 30+ years of PE experience and $500M+ previously managed across three VC funds
Founder Jon Staenberg was present at Stanford GSB during the asset class formation and maintains relationships with earliest searchers
Nearly a decade of direct investing experience in the asset class by the founding team
Hand-picked portfolio of established and successful search fund managers