Behind the Boom in “Search Funds”: a New Way to Become the Boss
Just two weeks ago, Adam Froendt was a vice president of private equity and junior capital at Churchill Asset Management, a private capital affiliate of insurance giant TIAA's asset manager Nuveen.Not yet 30, he had been promoted three times in his eight years in the industry, closing more than 60 middle-market private equity deals and 30 fund investments.Last month, he quit that promising job to run a business. Now, he just needs to find one to run.Froendt is one of a growing number of young people looking to test their...



