{"id":222,"date":"2024-10-18T22:15:03","date_gmt":"2024-10-18T13:15:03","guid":{"rendered":"https:\/\/searchfund.jp\/?p=222"},"modified":"2024-10-18T22:15:03","modified_gmt":"2024-10-18T13:15:03","slug":"%e3%80%90%e6%9c%80%e6%96%b0%e7%89%88%e3%80%91iese%e3%81%ae%e3%82%b0%e3%83%ad%e3%83%bc%e3%83%90%e3%83%ab%e3%82%b5%e3%83%bc%e3%83%81%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89%e3%83%ac%e3%83%9d%e3%83%bc","status":"publish","type":"post","link":"https:\/\/searchfund.jp\/?p=222","title":{"rendered":"\u3010\u6700\u65b0\u7248\u3011IESE\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3001International Search Funds &#8211; 2024 Selected observations\u306e\u5185\u5bb9\u3092\u65e5\u672c\u8a9e\u3067\u89e3\u8aac\uff01"},"content":{"rendered":"\n<p>\u30b9\u30da\u30a4\u30f3\u306eMBA\u3067\u3042\u308bIESE Business School\u304c9\u670818\u65e5\u4ed8\u30672\u5e74\u3076\u308a\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3068\u306a\u308bInternational Search Funds &#8211; 2024 Selected observations\u3092\u516c\u958b\u3057\u307e\u3057\u305f\u3002\u30ec\u30dd\u30fc\u30c8\u306f<a href=\"https:\/\/www.gsb.stanford.edu\/faculty-research\/case-studies\/2024-search-fund-study\">\u3053\u3061\u3089\u306eURL<\/a>\u304b\u3089\u3069\u306a\u305f\u3067\u3082\u7121\u6599\u3067DL\u3067\u304d\u307e\u3059\u306e\u3067\u3001\u539f\u6587\u304c\u6c17\u306b\u306a\u308b\u65b9\u306f\u305c\u3072\u30a2\u30af\u30bb\u30b9\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<br>\u3053\u306e\u8a18\u4e8b\u3067\u306fInternational Search Funds &#8211; 2024 Selected observations\u306e\u6982\u8981\u3092\u65e5\u672c\u8a9e\u3067\u307e\u3068\u3081\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u305f\u30da\u30fc\u30b8\u3067\u3059\u3002<span class=\"rtex-highlighter-0\">\u3053\u306e\u30ec\u30dd\u30fc\u30c8\u306f\u5317\u7c73(\u30ab\u30ca\u30c0+\u30a2\u30e1\u30ea\u30ab)\u4ee5\u5916\u306e\u5730\u57df(\u30b0\u30ed\u30fc\u30d0\u30eb)\u306b\u304a\u3051\u308b\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u8abf\u67fb\u5bfe\u8c61<\/span>\u306b\u3057\u3066\u304a\u308a\u3001\u6982\u6cc1\u628a\u63e1\u306b\u6700\u9069\u306a\u30ec\u30dd\u30fc\u30c8\u3067\u3059\u306e\u3067\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u8208\u5473\u306e\u3042\u308b\u65b9\u306b\u304a\u3059\u3059\u3081\u306e\u5185\u5bb9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5\u72b6\u6cc1<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u5e74\u4ee3\u5225\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5\u72b6\u6cc1<\/h3>\n\n\n\n<p>\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u8a2d\u7acb\u6570(Funds Raised)\u306f\u5e74\u3005\u4e0a\u6607\u50be\u5411\u306b\u3042\u308a\u30012023\u5e74\u306e\u8a2d\u7acb\u6570\u306f59\u4ef6\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u3002\u4f01\u696d\u627f\u7d99\u6570(Aquisitions)\u3082\u540c\u69d8\u306b\u5897\u52a0\u50be\u5411\u306b\u3042\u308a\u3001<span class=\"rtex-highlighter-0\">\u30b0\u30ed\u30fc\u30d0\u30eb\u3067\u3082\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u8a2d\u7acb\u3068\u4e8b\u696d\u627f\u7d99\u304c\u5897\u52a0\u3057\u3066\u3044\u308b<\/span>\u3053\u3068\u304c\u4f3a\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"553\" height=\"352\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-14.png\" alt=\"\" class=\"wp-image-244\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-14.png 553w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-14-300x191.png 300w\" sizes=\"auto, (max-width: 553px) 100vw, 553px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u6bce\u306e\u72b6\u6cc1<\/h3>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f320\u4ef6\u3001\u305d\u306e\u3046\u3061\u30b5\u30fc\u30c1\u671f\u9593\u3092\u7d42\u3048\u305f\u3082\u306e\u306f184\u4ef6\u3001\u66f4\u306b\u305d\u306e\u3046\u3061\u4f01\u696d\u627f\u7d99\u3092\u9054\u6210\u3057\u305f\u3082\u306e\u306f146\u4ef6\u306879%\u3082\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u627f\u7d99\u3092\u9054\u6210\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u5317\u7c73\u306e63%\u3092\u5927\u304d\u304f\u4e0a\u56de\u308b\u6570\u5b57\u3067\u3059\u3002\u5317<span class=\"rtex-highlighter-0\">\u7c73\u3068\u6bd4\u8f03\u3059\u308b\u30681\u30ab\u56fd\u5f53\u305f\u308a\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3082\u5c11\u306a\u3044\u304b\u53c8\u306f\u9ece\u660e\u671f\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3001<\/span><span class=\"rtex-highlighter-0\">\u30b5\u30fc\u30c1\u30e3\u30fc\u540c\u58eb\u306e\u7af6\u4e89\u304c\u767a\u751f\u3057\u306b\u304f\u3044\u74b0\u5883\u3067\u3042\u308b\u3053\u3068\u306b\u52a0\u3048\u3001\u6295\u8cc7\u5bb6\u3082\u65b0\u305f\u306a\u56fd\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u6295\u8cc7\u306b\u65bc\u3044\u3066\u306f\u627f\u7d99\u5148\u304c\u898b\u3064\u304b\u308b\u84cb\u7136\u6027\u3092\u614e\u91cd\u306b\u898b\u6975\u3081\u308b\u50be\u5411\u306b\u3042\u308b\u3053\u3068\u304b\u3089\u5317\u7c73\u3068\u6bd4\u8f03\u3057\u3066\u9ad8\u3044\u627f\u7d99\u7387\u3092\u8a18\u9332<\/span>\u3057\u305f\u3082\u306e\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f2010\u5e74\u4ee3\u5f8c\u534a\u4ee5\u964d\u3067\u5927\u304d\u304f\u5897\u52a0\u3057\u305f\u3053\u3068\u304b\u3089\u3001exit\u5b9f\u7e3e\u306f21\u4ef6\u3068\u6975\u3081\u3066\u9650\u5b9a\u7684\u306a\u6570\u5b57\u306b\u7559\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"673\" height=\"507\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image.png\" alt=\"\" class=\"wp-image-227\" style=\"width:450px;height:auto\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image.png 673w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-300x226.png 300w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u8a2d\u7acb\u5730\u57df<\/h3>\n\n\n\n<p><span class=\"rtex-highlighter-0\">\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f\u73fe\u572840\u306e\u56fd\u3068\u5730\u57df\u3067\u30d5\u30a1\u30f3\u30c9\u30ec\u30a4\u30ba\u306e\u5b9f\u7e3e\u304c\u3042\u308a<\/span>\u3001\u76f4\u8fd1\uff12\u5e74\u9593\u3067\u306f\u4e2d\u56fd\u3001\u30cb\u30e5\u30fc\u30b8\u30fc\u30e9\u30f3\u30c9\u3001\u30d9\u30c8\u30ca\u30e0\u3001\u5357\u30a2\u30d5\u30ea\u30ab\u3001\u30a2\u30a4\u30eb\u30e9\u30f3\u30c9\u3001\u30aa\u30e9\u30f3\u30c0\u3067\u5404\u56fd\u6700\u521d\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u7acb\u3061\u4e0a\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1002\" height=\"495\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-1.png\" alt=\"\" class=\"wp-image-228\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-1.png 1002w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-1-300x148.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-1-768x379.png 768w\" sizes=\"auto, (max-width: 1002px) 100vw, 1002px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb<\/h3>\n\n\n\n<p>\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5e74\u9f62\u306e\u4e2d\u592e\u5024\u306f33\u6b73\u30682\u5e74\u524d\u306e\u8abf\u67fb\u3068\u6bd4\u8f03\u3059\u308b\u3068\u82e5\u5e72\u306e\u4e0a\u6607\u50be\u5411\u3067\u3059\u304c\u3001\u3053\u308c\u306f30\u6b73\u4ee5\u4e0b\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u6e1b\u5c11\u3057\u300140\u6b73\u4ee5\u4e0a\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u5897\u52a0\u3057\u305f\u305f\u3081\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u307e\u305fMBA\u5352\u696d\u76f4\u5f8c\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u308b\u30b1\u30fc\u30b9\u3082\u524d\u56de\u8abf\u67fb\u306e44%\u304b\u308923%\u306b\u5927\u304d\u304f\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001<span class=\"rtex-highlighter-0\">\u4ed6\u306e\u30ad\u30e3\u30ea\u30a2\u3092\u7d4c\u7531\u3057\u3066\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u6311\u6226\u3057\u3066\u3044\u308b\u5c64\u304c\u5897\u52a0<\/span>\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001<span class=\"rtex-highlighter-0\">MBA\u3092\u7d4c\u7531\u305b\u305a\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u3066\u3044\u308b<\/span><span class=\"rtex-highlighter-0\">\u30b5\u30fc\u30c1\u30e3\u30fc\u306e<\/span><span class=\"rtex-highlighter-0\">\u5272\u5408\u306f\u5168\u4f53\u306e40%<\/span>\u3068\u8abf\u67fb\u958b\u59cb\u4ee5\u6765\u6700\u5927\u306e\u5272\u5408\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002<br>\u5973\u6027\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u306f\u5168\u4f53\u306e7%\u3068\u30011\u6841%\u53f0\u306e\u6975\u3081\u3066\u5c11\u306a\u3044\u72b6\u6cc1\u304c\u904e\u53bb\u304b\u3089\u7d99\u7d9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u305d\u306e\u4ed6\u30d5\u30a1\u30f3\u30c9\u306b\u95a2\u308f\u308b\u30c7\u30fc\u30bf<\/h3>\n\n\n\n<p>\u76f4\u8fd1\u8abf\u67fb\u3067\u306f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u306f65%\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306f35%\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30c1\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u91d1\u984d\u306f\u4e2d\u592e\u5024\u304c46\u4e07\u30c9\u30eb(\u7d046,840\u4e07\u5186)\u3001\u6700\u4f4e\u5024\u304c15\u4e07\u30c9\u30eb(\u7d042,250\u4e07\u5186)\u3001\u6700\u5927\u5024\u304c\u7d0483\u4e07\u30c9\u30eb(\u7d041\u51042,500\u4e07\u5186)\u3068\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3088\u308b\u5e45\u304c\u3042\u308b\u3053\u3068\u304c\u4f3a\u3048\u307e\u3059\u3002(\u306a\u304a\u3001\u9a5a\u304f\u3079\u304d\u3053\u3068\u306b83\u4e07\u30c9\u30eb\u306e\u30d5\u30a1\u30f3\u30c9\u30ec\u30a4\u30ba\u3092\u884c\u3063\u305f\u306e\u306f\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u3067\u306f\u306a\u304f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u3068\u306e\u3053\u3068\u3067\u3059)<br>\u307e\u305f\u3001\u4e0a\u8a18\u30ec\u30a4\u30ba\u984d\u306e\u5185\u4e2d\u5357\u7c73\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5e74\u9593\u7d66\u4e0e\u306f\u4e2d\u592e\u5024\u304c9\u4e074\u5343\u30c9\u30eb(\u7d041,400\u4e07\u5186)\u3001\u6b27\u5dde\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5e74\u9593\u7d66\u4e0e\u306f\u4e2d\u592e\u5024\u304c9\u4e07\u30c9\u30eb(\u7d041,350\u4e07\u5186)\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<br>\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f\u8907\u6570\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u6295\u8cc7\u3092\u52df\u308a\u307e\u3059\u304c\u3001\u76f4\u8fd1\u8abf\u67fb\u306b\u304a\u3051\u308b\u6295\u8cc7\u5bb6\u306e\u6570\u306f\u4e2d\u592e\u5024\u304c16\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u904e\u53bb\u304b\u3089\u307b\u307c\u6a2a\u3070\u3044\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<br>\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u6295\u8cc7\u5bb6\u3092\u52df\u308b\u671f\u9593\u3082\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u6bce\u306b\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u4e2d\u592e\u5024\u306f5\u30f6\u6708\u3067\u3059\u304c\u3001\u6700\u3082\u9577\u3044\u671f\u9593\u306f17\u30f6\u6708\u3001\u6700\u77ed\u3067\u306f1\u30f6\u6708\u3067\u30d5\u30a1\u30f3\u30c9\u30ec\u30a4\u30ba\u3092\u5b8c\u4e86\u3059\u308b\u30b5\u30fc\u30c1\u30e3\u30fc\u3082\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u5bfe\u8c61\u306e\u696d\u7a2e\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h3>\n\n\n\n<p>\u524d\u56de\u8abf\u67fb\u306b\u7d9a\u304d\u300180%\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u304cTech\u7cfb\u306e\u696d\u7a2e\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3057\u3066\u304a\u308a\u3001\u4e3b\u306a\u5185\u8a33\u3068\u3057\u3066\u306f\u3001Tech\u7cfb\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u7523\u696d\u3001\u6559\u80b2\u7523\u696d\u304c\u4e0a\u4f4d\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002\u88fd\u9020\u696d\u306b\u7d9a\u3044\u30663\u756a\u76ee\u306b\u4eba\u6c17\u306a\u30d8\u30eb\u30b9\u30b1\u30a2\u7523\u696d\u3067\u306f\u3001\u4e8b\u696d\u8005\u5411\u3051\u30b5\u30fc\u30d3\u30b9\u304c\u6700\u3082\u30d5\u30a9\u30fc\u30ab\u30b9\u3055\u308c\u3066\u3044\u308b\u5206\u91ce\u3068\u306a\u308b\u3088\u3046\u3067\u3059\u3002<span class=\"rtex-highlighter-0\">Tech\u7cfb\u4e8b\u696d\u306f\u8a2d\u5099\u3092\u6301\u305f\u306a\u3044\u3053\u3068\u304b\u3089Capex\u304c\u4f4e\u304f\u6291\u3048\u3089\u308c\u3001\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306f\u30ea\u30ab\u30fc\u30ea\u30f3\u30b0(\u7d99\u7d9a\u53ce\u5165)\u6027\u304c\u9ad8\u3044\u3053\u3068\u304c\u4eba\u6c17\u306e\u80cc\u666f<\/span>\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"317\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-4.png\" alt=\"\" class=\"wp-image-232\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-4.png 620w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-4-300x153.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u65b9\u6cd5\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h3>\n\n\n\n<p>64%\u304c\u30aa\u30fc\u30ca\u30fc\u3078\u306e\u76f4\u63a5\u30a2\u30d7\u30ed\u30fc\u30c1\u3084\u77e5\u4eba\u3084\u6295\u8cc7\u5bb6\u7d4c\u7531\u306a\u3069\u3001\u72ec\u81ea\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u7528\u3044\u305f\u30b5\u30fc\u30c1\u3092\u4e3b\u306b\u884c\u3063\u3066\u3044\u308b\u306e\u306b\u5bfe\u3057\u300137%\u306f\u30d6\u30ed\u30fc\u30ab\u30fc\u3084\u9280\u884c\u7d39\u4ecb\u306a\u3069\u306b\u3088\u308b\u30bd\u30fc\u30b7\u30f3\u30b0\u3092\u884c\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"743\" height=\"438\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-2.png\" alt=\"\" class=\"wp-image-230\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-2.png 743w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-2-300x177.png 300w\" sizes=\"auto, (max-width: 743px) 100vw, 743px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f01\u696d\u306e\u627f\u7d99\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u627f\u7d99\u6e08\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u5730\u57df<\/h3>\n\n\n\n<p>2023\u5e74\u672b\u307e\u3067\u306b\u5317\u7c73\u4ee5\u5916\u306e\u5730\u57df\u3067\u306f146\u4ef6\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u3088\u308b\u627f\u7d99\u304c\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u300286\u4ef6\u304c\u6b27\u5dde\u300154\u4ef6\u304c\u4e2d\u5357\u7c73\u30014\u4ef6\u304c\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u3001\u4e2d\u6771\u3068\u30a2\u30d5\u30ea\u30ab\u30671\u4ef6\u305a\u3064\u3068<span class=\"rtex-highlighter-0\">\u5730\u57df\u7684\u306b\u306f\u6b27\u5dde\u3068\u4e2d\u5357\u7c73\u306b\u504f\u3063\u3066\u3044\u308b\u72b6\u6cc1<\/span>\u3067\u3059\u3002\u4eca\u56de\u8abf\u67fb\u3067\u306f\u65b0\u305f\u306b\u30cb\u30e5\u30fc\u30b8\u30fc\u30e9\u30f3\u30c9\u3001\u30ed\u30b7\u30a2\u3001\u30d1\u30e9\u30b0\u30a2\u30a4\u3067\u306e\u627f\u7d99\u5b9f\u7e3e\u304c\u8ffd\u52a0\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"743\" height=\"393\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-5.png\" alt=\"\" class=\"wp-image-233\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-5.png 743w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-5-300x159.png 300w\" sizes=\"auto, (max-width: 743px) 100vw, 743px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u627f\u7d99\u5148\u4f01\u696d\u306e\u696d\u614b<\/h3>\n\n\n\n<p>Tech\u7cfb\u696d\u614b\u304c\u4f9d\u7136\u4eba\u6c17\u3067\u3001\u30b5\u30fc\u30d3\u30b9\u7cfb\u304c\u4e00\u6c17\u306b\u5b9f\u7e3e\u3092\u5897\u3084\u3057\u3066\u3044\u308b\u4ed6\u3001\u88fd\u9020\u696d\u304c\u5f90\u3005\u306b\u5897\u3048\u3066\u3044\u308b\u72b6\u6cc1\u3067\u3059\u3002<span class=\"rtex-highlighter-0\">Tech\u7cfb20\u4ef6\u306e\u4e2d\u3067\u306f\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u958b\u767a\u4e8b\u696d\u304c9\u4ef6\u3068\u6700\u3082\u591a\u304f\u3001\u4eba\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u58f2\u4e0a\u5897\u52a0\u304c\u898b\u8fbc\u3081\u308b\u958b\u767a\u7cfb\u306e\u696d\u614b\u304c\u4eba\u6c17<\/span>\u3067\u3042\u308b\u3053\u3068\u304c\u3046\u304b\u304c\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"627\" height=\"382\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-3.png\" alt=\"\" class=\"wp-image-231\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-3.png 627w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-3-300x183.png 300w\" sizes=\"auto, (max-width: 627px) 100vw, 627px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-2_2\">\u627f\u7d99\u5148\u4f01\u696d\u306e\u7d71\u8a08\u30c7\u30fc\u30bf<\/h3>\n\n\n\n<p>\u8b72\u6e21\u4fa1\u984d\u306e\u4e2d\u592e\u5024\u306f1,510\u4e07\u30c9\u30eb(\u7d0422.7\u5104\u5186)\u306b\u5bfe\u3057\u3001EBITDA\u306e\u4e2d\u592e\u5024\u306f240\u4e07\u30c9\u30eb(\u7d043.6\u5104\u5186)\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u8b72\u6e21\u4fa1\u984d\/EBITDA \u306e\u4e2d\u592e\u5024\u306f5.7x\u3068\u65e5\u672c\u5e02\u5834\u3088\u308a\u3082\u82e5\u5e72\u9ad8\u3044\u304c\u5927\u304d\u306a\u4e56\u96e2\u306f\u306a\u3044\u6c34\u6e96\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u8b72\u6e21\u6642\u306eEBITDA margin\u4e2d\u592e\u5024\u306f33%\u3001EBITDA\u6210\u9577\u7387\u4e2d\u592e\u5024\u306f15%\u3068\u3001<span class=\"rtex-highlighter-0\">\u6210\u9577\u4e2d\u306e\u9ad8\u53ce\u76ca\u6027\u4f01\u696d\u3092<\/span><span class=\"rtex-highlighter-0\">M<\/span><span class=\"rtex-highlighter-0\">a<\/span><span class=\"rtex-highlighter-0\">r<\/span><span class=\"rtex-highlighter-0\">k<\/span><span class=\"rtex-highlighter-0\">e<\/span><span class=\"rtex-highlighter-0\">t<\/span><span class=\"rtex-highlighter-0\"> <\/span><span class=\"rtex-highlighter-0\">Multiple\u3067\u627f\u7d99\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9<\/span>\u306b\u306a\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u627f\u7d99\u5148\u306e\u5f93\u696d\u54e1\u6570\u4e2d\u592e\u5024\u306f\u306f39\u540d\u30682016-17\u5e74\u8abf\u67fb\u4ee5\u964d\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u304c\u3001\u306a\u3093\u3068\u5f93\u696d\u54e11,200\u4eba\u306e\u4f01\u696d\u306e\u627f\u7d99\u4f8b\u3082\u3042\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"670\" height=\"436\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-8.png\" alt=\"\" class=\"wp-image-236\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-8.png 670w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-8-300x195.png 300w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30c7\u30a3\u30fc\u30eb\u304c\u6210\u7acb\u3057\u306a\u304b\u3063\u305f\u30b1\u30fc\u30b9\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h3>\n\n\n\n<p>Due Diligence\u4e2d\u306b\u554f\u984c\u304c\u898b\u3064\u304b\u3063\u305f\u30b1\u30fc\u30b9\u304c68%\u3068\u6700\u3082\u591a\u304f\u3001\u6b21\u3044\u3067\u4fa1\u683c\u304c\u6298\u308a\u5408\u308f\u306a\u304b\u3063\u305f\u30b1\u30fc\u30b9\u3001\u58f2\u4e3b\u304c\u30c7\u30a3\u30fc\u30eb\u304b\u3089\u64a4\u9000\u3057\u305f\u30b1\u30fc\u30b9\u304c\u7d9a\u304d\u307e\u3059\u3002\u307e\u305f\u3001<span class=\"rtex-highlighter-0\">\u76f4\u8fd1\u8abf\u67fb\u3067\u306f\u6700\u521d\u306e1\u5e74\u9593\u3067LOI\u306e\u7de0\u7d50\u306b\u81f3\u3089\u306a\u304b\u3063\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u3046\u3061\u7d0440%\u304c\u6700\u7d42\u7684\u306b\u627f\u7d99\u3092\u9054\u6210\u3067\u304d\u305a\u306b\u30d5\u30a1\u30f3\u30c9\u30af\u30ed\u30fc\u30ba\u3057\u3066\u3044\u308b\u30c7\u30fc\u30bf\u304c\u3042\u308b<\/span>\u3088\u3046\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"502\" height=\"315\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-9.png\" alt=\"\" class=\"wp-image-237\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-9.png 502w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-9-300x188.png 300w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-3\">Exit\u3068\u30ea\u30bf\u30fc\u30f3\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h2>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u7d2f\u8a08IRR\u306f18.1%\u3001ROI\u306f2.0x\u3068\u306a\u3063\u3066\u304a\u308a\u3001IRR\u306f\u524d\u56de\u8abf\u67fb\u306b\u7d9a\u304d20%\u3092\u4e0b\u56de\u308b\u72b6\u6cc1\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"545\" height=\"319\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-10.png\" alt=\"\" class=\"wp-image-239\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-10.png 545w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-10-300x176.png 300w\" sizes=\"auto, (max-width: 545px) 100vw, 545px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"525\" height=\"292\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-11.png\" alt=\"\" class=\"wp-image-240\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-11.png 525w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-11-300x167.png 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<p>\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u4e0b\u56f3\u306e\u3088\u3046\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6a39\u5f62\u56f3\u3067\u6574\u7406\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30c1\u6bb5\u968e\u3067\u7d043\u5272\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u627f\u7d99\u3067\u304d\u305a\u3001\u627f\u7d99\u306b\u6210\u529f\u3057\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e1\/4\u304c\u640d\u5931\u3092\u51fa\u3057\u3066\u3044\u307e\u3059(\u66f4\u306b\u305d\u306e2\u5272\u5f31\u304c\u682a\u5f0f\u3092\u5168\u640d\u3057\u3066\u3044\u307e\u3059)\u3002<br>\u5317\u7c73\u5b9f\u7e3e(\u7d2f\u8a08IRR35.1%\u3001ROI4.5x)\u3068\u6bd4\u8f03\u3057\u3066\u30b0\u30ed\u30fc\u30d0\u30eb\u306e\u5b9f\u7e3e(\u7d2f\u8a08IRR18.1%\u3001ROI2.0x)\u304c\u52a3\u308b\u80cc\u666f\u3068\u3057\u3066\u3001\u640d\u5931\u3092\u51fa\u3057\u305f\u6848\u4ef6\u306e\u5272\u5408\u306f\u30b0\u30ed\u30fc\u30d0\u30eb\u306e\u65b9\u304c\u5c11\u306a\u3044\u3082\u306e\u306e\u3001<span class=\"rtex-highlighter-0\">ROI\u30675x\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u51fa\u3057\u305f\u512a\u826f\u6848\u4ef6\u306e\u5272\u5408\u306f\u5317\u7c73\u304c\u627f\u7d99\u6848\u4ef6\u5168\u4f53\u306e25%\u306b\u5bfe\u3057\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306f6%\u3057\u304b\u306a\u304f\u3001\u3053\u306e\u5b9f\u7e3e\u306e\u5dee\u7570\u304c\u5168\u4f53\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u5dee\u306b\u5f71\u97ff\u3057\u3066\u3044\u308b\u5370\u8c61<\/span>\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"631\" height=\"471\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-12.png\" alt=\"\" class=\"wp-image-241\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-12.png 631w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-12-300x224.png 300w\" sizes=\"auto, (max-width: 631px) 100vw, 631px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-4\">\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u3064\u3044\u3066<\/h2>\n\n\n\n<p>\u30b0\u30ed\u30fc\u30d0\u30eb\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u65bc\u3044\u3066\u306f\u3001\u30ea\u30bf\u30fc\u30f3\u306b\u65bc\u3044\u3066\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc(N=53)\u3068\u30d1\u30fc\u30c8\u30ca\u30fc\u578b(N=40)\u306b\u6709\u610f\u306a\u5dee\u306f\u73fe\u308c\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"722\" height=\"410\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-13.png\" alt=\"\" class=\"wp-image-242\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-13.png 722w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/10\/image-13-300x170.png 300w\" sizes=\"auto, (max-width: 722px) 100vw, 722px\" \/><\/figure>\n\n\n\n<p>IESE Business School, International Search Funds &#8211; 2024 Selected observations<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-6\">\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u3067\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306f\u62e1\u5927\u4e2d\u3001\u627f\u7d99\u306f\u5317\u7c73\u3068\u6bd4\u8f03\u3057\u3066\u884c\u3044\u3084\u3059\u3044\u72b6\u6cc1<br>\u30fb\u73fe\u572840\u306e\u56fd\u3068\u5730\u57df\u3067\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u7d44\u6210\u3001\u6b27\u5dde\u3068\u4e2d\u5357\u7c73\u306b\u96c6\u4e2d\u3082\u30a2\u30b8\u30a2\u542b\u3080\u4ed6\u5730\u57df\u3078\u62e1\u5927\u4e2d<br>\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u3067\u306fMBA\u76f4\u5f8c\u306e\u30b5\u30fc\u30c1\u8d77\u696d\u306e\u5272\u5408\u306f\u5c11\u306a\u304f\u3001\u4ed6\u306e\u30ad\u30e3\u30ea\u30a2\u3092\u7d4c\u7531\u3059\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3044\u50be\u5411<br>\u30fb\u76f4\u8fd12\u5e74\u306b\u7d44\u6210\u3055\u308c\u305f\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u3046\u3061\u306e40%\u306fMBA\u3092\u7d4c\u3066\u3044\u306a\u3044<br>\u30fb\u627f\u7d99\u30bf\u30fc\u30b2\u30c3\u30c8\u306fCapex\u306e\u4f4e\u3055\u3068\u30ea\u30ab\u30fc\u30ea\u30f3\u30b0\u6027\u306e\u9ad8\u3055\u304b\u3089Tech\u7cfb\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u304c\u4eba\u6c17<br>\u30fb\u5b9f\u969b\u306e\u627f\u7d99\u3082Tech\u7cfb\u304c\u591a\u3044\u304c\u3001\u4eba\u306e\u5897\u52a0\u3067\u58f2\u4e0a\u5897\u52a0\u304c\u898b\u8fbc\u3081\u308b\u30b7\u30b9\u30c6\u30e0\u958b\u767a\u7cfb\u304c\u4e2d\u5fc3<br>\u30fb\u6210\u9577\u4e2d\u306e\u9ad8\u53ce\u76ca\u6027\u4f01\u696d\u3092Market Multiple\u3067\u627f\u7d99\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9<br>\u30fb\u6700\u521d\u306e1\u5e74\u9593\u3067LOI\u306e\u7de0\u7d50\u306b\u81f3\u3089\u306a\u304b\u3063\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u3046\u3061\u7d0440%\u304c\u6700\u7d42\u7684\u306b\u627f\u7d99\u3092\u9054\u6210\u3067\u304d\u305a\u306b\u30d5\u30a1\u30f3\u30c9\u30af\u30ed\u30fc\u30ba\u3057\u3066\u3044\u308b\u30c7\u30fc\u30bf\u3042\u308a<br>\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u306e\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u7d2f\u8a08IRR\u306f18.1%\u3001ROI\u306f2.0x\u3068\u5317\u7c73\u5bfe\u6bd4\u3067\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u60aa\u304f\u3001\u3053\u308c\u306fROI\u30675x\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u51fa\u3057\u305f\u512a\u826f\u6848\u4ef6\u306e\u5272\u5408\u304c\u4f4e\u3044\u3053\u3068\u304c\u7406\u7531<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b9\u30da\u30a4\u30f3\u306eMBA\u3067\u3042\u308bIESE Business School\u304c9\u670818\u65e5\u4ed8\u30672\u5e74\u3076\u308a\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3068\u306a\u308bInternational Search Funds &#8211; 2024 Selected obs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":247,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-essential","category-international"],"_links":{"self":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=222"}],"version-history":[{"count":9,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/222\/revisions"}],"predecessor-version":[{"id":248,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/222\/revisions\/248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/media\/247"}],"wp:attachment":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}