From Searcher to Independent Sponsor to $225m Fund

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 | LinkedIn
Ross Porter | LinkedIn

For 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 channel
• Connect with hosts Will Smith and Niklas James
• Visit Minds Capital

Credits:

• Edited by Anton Rohozov