Erick Lesaca & Giovanni Barbat – New Orchard Capital

Interview with Erick Lesaca and Giovanni Barbat of New Orchard Capital

Basic info:

  • Fund: New Orchard Capital
  • Search type: Classic search fund
  • Partnered/solo: Partnered
  • Stage: Search
  • Location: Chicago, IL
  • Alma mater:
    • Erick: Chicago Booth (MBA), Northwestern University (MS), University of Miami (BS)
    • Giovanni: Chicago Booth (MBA), Michigan State (BA)

SUMMARY

Erick Lesaca and Giovanni Barbat are three days into their search at Chicago-based, classic search fund New Orchard Capital. The pair met at Booth’s part-time MBA program and have complimentary skill sets in operations and finance.

Highlights of this interview include:

  • How they fundraised successfully
  • What makes a complete investor syndicate
  • The costs of raising funds and setting up a fund

Continue reading “Erick Lesaca & Giovanni Barbat – New Orchard Capital”

Matthew Taylor – Gypsum Ridge Capital

Matthew Taylor of Gypsum Ridge Capital

Basic info:

  • Fund: Gypsum Ridge Capital
  • Search type: Classic search fund
  • Partnered/solo: Partnered
  • Stage: Search
  • Location: Chicago, IL
  • Alma mater: Chicago Booth (MBA), SMU (MS), Indiana University (BA)

SUMMARY

Matthew Taylor and his business partner are a year into their search at Chicago-based, classic search fund Gypsum Ridge Capital. Matthew’s a Chicago Booth grad with a predominantly military background who learned of search funds during his brief stint in private equity.

Highlights of Matthew’s interview include:

  • The importance of cohesion in LP resources and expectations
  • Off-the-beaten-path sources of acquisition targets
  • The virtues of recurring v. repeat revenue businesses

Continue reading “Matthew Taylor – Gypsum Ridge Capital”