Futaleufu

For about a decade, David Dodson had watched money pouring in to invest in search funds, but not enough experienced operators with the time and interest to mentor. So when David decided to raise a fund, he decided to do things a little differently. He wanted to use the idea of a fund to organize talent to support search fund entrepreneurs, not as a way to raise capital.

So after David found Susan, (a former student of David’s and one of the best business partners a person could hope for), Futaleufu sought out a handful of great operators, most of them from the search fund world, to join us as limited partners. They promised a commitment and enthusiasm to mentor, join boards, and help the next generation of search fund entrepreneurs—and that’s who we are about.

Which is also why, in the last twenty-five years, we’ve not increased the number of deals we do each year. We’ve stayed small for a reason: we believe the search fund model depends on mentorship.

As for the name, it comes from a river in Chile that David’s family once spent some time on. We love the name because it has a family connection, and no one knows how to pronounce it.