"Would you back a 32-year-old to buy a Mittelstand company?"

On paper search funds beat venture. Carlo Schmid runs Lineage, a fund dedicated to backing searchers. Dr. Thomas Bühler has made over 90 search fund investments in a decade and now also invests in funds of searchers such as Lineage. Around this table they open their books: what returns really look like beyond the headlines, how diversification changes the equation, what you underwrite when the manager is one person, why searchers win in an increasingly competitive market, and where fund of search funds fit in an LP portfolio. Come with a position.

Host:
Thomas Buehler (Valmaris)
Carlo Schmid (LINEAGE)
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What are Roundtables?
Roundtables are curated sessions for 15 selected individuals, led by prominent LPs. The format features a 45-minute peer-level exchange on market realities, governed by the Chatham House Rule. This confidential setting connects you directly with influential allocators, and fosters deep, authentic relationship building through candid discussion.