SMEVENTURES RESEARCH |AUSTRALIA & NEW ZEALAND
The ANZ Search
Fund Study 2026
INSIDE THE STUDY
A clearer picture of
the ANZ market.
Searcher backgrounds
Who searchers are, their experience and what brings them to search funds in ANZ.
Acquisition activity
Trends in deal activity, including the number, size and sector focus of acquisitions.
Deal funding
How acquisitions are funded, including sources ofcapital and typical funding structures.
Market constraints
Key challenges for searchers and investors in the ANZ market, and how they are evolving.
FAQ
About the
report
What does the ANZ Search Fund study cover?
Research on search fundsin Australia and New Zealand, including searcher backgrounds, acquisitionactivity, deal funding and market constraints. The study draws on SMEVenturessurveys from 2023 to 2026, alongside published Stanford and IESE research.
Does the report include investment advice?
No. The report provides general information, notinvestment, financial product, tax or legal advice. It does not consider yourpersonal circumstances. Results are based on small samples, and internationalreturn figures are not forecasts of ANZ returns. Seek professional advicebefore acting.