<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Search-Fund on Adventures of a Digital Privateer</title><link>https://byronfuller.com/tags/search-fund/</link><description>Recent content in Search-Fund on Adventures of a Digital Privateer</description><generator>Hugo</generator><language>en-us</language><lastBuildDate>Sun, 29 Mar 2026 00:00:00 +0000</lastBuildDate><atom:link href="https://byronfuller.com/tags/search-fund/index.xml" rel="self" type="application/rss+xml"/><item><title>Launching Hirschen Capital</title><link>https://byronfuller.com/ventures/hirschen-capital-launch/</link><pubDate>Sun, 29 Mar 2026 00:00:00 +0000</pubDate><guid>https://byronfuller.com/ventures/hirschen-capital-launch/</guid><description>&lt;p>Hirschen Capital exists to find, acquire, and operate a single outstanding small or mid-sized business in Germany&amp;rsquo;s industrial heartland. We are raising €1 million in search capital — twenty units at €50,000 each — to fund a disciplined search targeting companies in the MEITAC sectors (manufacturing, engineering, industrial technology, automation, and components) with EBITDA between €1.5 million and €5 million.&lt;/p>
&lt;p>The thesis is straightforward. Germany&amp;rsquo;s &lt;em>Mittelstand&lt;/em> is experiencing a once-in-a-generation succession crisis. Hundreds of thousands of profitable, well-run businesses need new ownership over the next decade, and the pipeline of qualified buyers is thin. Private equity is too large. Strategic acquirers are too slow. The founders&amp;rsquo; children have moved on. We intend to step into that gap.&lt;/p></description></item></channel></rss>