No Management Fee: Every dollar invested during the search phase converts into equity in the acquired company with a 50% step-up.

Preferential Right: Investing in the search fund gives investors the right, but not the obligation, to participate in financing the acquisition in the next stage.

Exit Option with Returns: If a search fund investor opts not to participate in the acquisition fund, their search phase investment is returned with a 50% step-up (equivalent to a 22.5% IRR).

Search Fund: $400k USD, structured into 10 units of $40k USD each, covering search-related costs for up to 24 months. Investments can be made in increments of 0.5 units ($20k USD) or 0.25 units ($10k USD).

Acquisition Fund: Estimated at $6-15M USD (ranging from $600k to $1.5M USD per unit) to purchase 100% equity in the target company.

IRR: 25%-35%. and MoIC: 3.5x to 5x, with low risk.