{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Minds Capital Podcast","title":"From Searcher to Independent Sponsor to $225m Fund","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/9fcb6156\"></iframe>","width":"100%","height":180,"duration":4533,"description":"Alex de Pfyffer and Ross Porter of Heritage Holdings share their journey from searchers (bringing a $45m revenue company to $140m) to sponsors (achieving 99% gross IRR (68% net IRR) across 5 platforms) to fund managers (closing a $225m fund closed in 2024). They engage in a vivid debate about the pros and cons of the fund model versus deal-by-deal private equity. References and how to contact Alex and Ross:Alex de Pfyffer | LinkedInRoss Porter | LinkedInFor independent sponsors with a deal under LOI, visit Minds Capital to start a conversation. Minds Capital invests equity into deals by independent sponsors and searchers. Our website also contains more information about this podcast and for prospective investors.Connect with Minds:See past + future interviews on the YouTube channelConnect with hosts Will Smith and Niklas JamesVisit Minds CapitalCredits:Edited by Anton Rohozov","thumbnail_url":"https://img.transistorcdn.com/hEFPYmVisRVl3xovz47EU17gJDxpjmmjPBSiWGxaTm8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xNzUx/OTBiMjNkZTA1ZGI0/MGY4Mjg2OTVjZmMw/ZTgxMC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}