ETA Fund

ETA Fund

ETA Fund - Entrepreneurship Through Acquisition is the first Italian Institutional Investment Fund investing in Search Funds. ETA Fund is a specialised small-private-equity vehicle dedicated to investing in Search Funds and supporting the next generation of entrepreneurial leaders.

The Fund backs high-potential searchers throughout the full journey - from the search phase to the acquisition and long-term management of established Italian SMEs, typically with €5 - 15M revenues and €1 - 3M EBITDA.

Our investment strategy focuses on generational-transition opportunities and on strengthening solid, profitable companies with enduring competitive advantages. Searchers become CEOs of the acquired businesses, driving operational excellence, sustainable growth, and value creation over time.

Investment Team


STRATEGIC PARTNER

ETA Fund I is supported by the Graduate School of Management of Politecnico di Milano (GSOM), which contributes to talent development, academic insight, and ecosystem building. The Fund aims to bring to Italy a model that has already proven its resilience and strong performance internationally, with over 1,000 Search Fundslaunched globally and historically delivering attractive, consistent long-term returns. 

Eureka! and GSOM toghether developed the first Italian Observatory on Search Fund  and the first training for MBA and Elective.