# Search Fund Acquisition Model

Evaluate search fund acquisition targets with clear acquisition math, earnout exposure, and operator equity return scenarios without hiding synergy assumptions.

- Canonical: https://finamodel.com/templates/search-fund
- Download (.xlsx): https://finamodel.com/templates/search-fund.xlsx
- Category: Corporate Finance
- Model type: Fund / Waterfall
- Difficulty: Intermediate
- Audiences: Founders & operators, Investors & analysts
- Tags: acquisition, valuation, earnout, leverage

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