Search
Define investment criteria, build owner relationships, and identify a resilient business.
ETA / Search Fund Education
A practical introduction to entrepreneurship through acquisition.
Learn how search funds and acquisition entrepreneurship work, why the model matters, and how it may evolve in Asia.
What is ETA?
Entrepreneurship through Acquisition is a path where an entrepreneur searches for, acquires, and operates an existing business. Instead of starting from zero, the entrepreneur steps into a company with customers, employees, cash flow, and a succession need.
Acquire
Structure financing, diligence the company, and align with sellers and investors.
Operate
Lead the company after closing, preserve what works, and build long-term compounding value.
Why Asia needs a local lens
Market fragmentation, family ownership, seller trust, debt availability, and governance expectations all shape how ETA can work in Greater China. Search Panda treats education as the first layer of market formation.
Begin with the fundamentals
Read the Search Fund 101 guide migrated from the legacy site and expanded for the new platform.