Publications
Publications
- July 2024
- HBS Case Collection
Pacific Lake Partners (B)
By: Richard S. Ruback and Royce Yudkoff
Abstract
Pre-Abstract: Instructors should consider the timing of making videos available to students, as they may reveal key case details.
Abstract: In 2009, Coley Andrews and Jim Southern endeavored to raise a private equity fund for investment solely in search funds, and the companies acquired by them. A novel concept at the time, the duo founded Pacific Lake Partners and by 2014 had raised over $95 million spread across two funds. As Coley and Jim prepare for fund three, they consider capital goals, investment strategy, and the structure of Pacific Lake Partners in order to ensure success in the future.
Abstract: In 2009, Coley Andrews and Jim Southern endeavored to raise a private equity fund for investment solely in search funds, and the companies acquired by them. A novel concept at the time, the duo founded Pacific Lake Partners and by 2014 had raised over $95 million spread across two funds. As Coley and Jim prepare for fund three, they consider capital goals, investment strategy, and the structure of Pacific Lake Partners in order to ensure success in the future.
Keywords
Entrepreneurship Through Acquisition; Search Fund; Entrepreneurship; Private Equity; Investment Funds; Organizational Structure; United States
Citation
Ruback, Richard S., and Royce Yudkoff. "Pacific Lake Partners (B)." Harvard Business School Multimedia/Video Supplement 224-716, July 2024.