Kyle Coots
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Hey Kyle — similar path (IB → PE). been thinking a lot about proprietary origination in search fund investing lately. would be good to connect.
Hey Kyle, looks like we share a similar IB → PE path, though I was in London at CS & Greenhill not in Dallas building a search fund platform. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record. the people, tools and ideas were never really connected. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey Kyle, looks like we came up through a similar IB → PE path, though I was in London doing growth equity deals at Treis not in Dallas backing searchers and CEOs like you. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected. every deal virtually sourced from scratch, nothing compounds on itself. curious if that resonates or if you've built something different at Miramar? — Russ
hey Kyle — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected, so there's tonnes of wasted energy and everything ends up out of sync. been helping a few funds like Mentmore work through that. curious if you've run into the same thing at Miramar? — Russ
totally get it if origination infrastructure isn't top of mind right now — most funds have 10 things ahead of it on the priority list. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Kyle — Saw your work building Miramar around vertical market software and growth-oriented buyouts — and the podcast you did on search fund trends earlier this year. The thesis around recurring revenue and mission-critical software resonates. Bit of a parallel path here — I did Econ and English at Williams, then spent time at Credit Suisse and Greenhill in TMT M&A before moving into growth equity at a London firm deploying €10-30M tickets into European software companies. Loved the investing side, but the manual grind of sourcing was eating my weeks alive. So I built SearchLoop to fix it. Now we run custom deal sourcing systems for firms with a similar lens to Miramar. Noble Rock Software (18+ portfolio companies) uses it to source founder-led B2B software targets — mapping markets, scoring companies on criteria like switching costs and founder profile → getting owner contacts → running personalized outreach that books meetings directly into their calendar. Wingman Growth Partners does something similar for their $5-40M founder-led software pipeline. The whole thing is built custom to each firm's thesis and plugged into their existing stack — CRM, email, calendar. You can see exactly what's going out and what's coming back at every step. Figured with Miramar's focus on vertical market software and a lean team, you might be in the same spot I was — wanting to spend more time evaluating deals than hunting them down. Worth a quick call to see if it could help? Russ searchloop.ai linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Kyle Coots Title: Co-Founder and Managing Director Fund: Miramar Search Partners Background: Kyle Coots is a Co-Founder and Managing Director at Miramar Equity Partners and a Search Fund Investor at Miramar Search Partners, based in Dallas, Texas. He is an expert in Private Equity and Entrepreneurship Through Acquisition (ETA). His current focus involves investing in and supporting searchers and CEOs, with a specific interest in small business acquisition and established companies in the Dallas/Fort Worth area. Background: - Education: MBA from Northwestern University - Kellogg School of Management (2015); BBA in Accounting/Finance and MPA in Accounting from Texas McCombs School of Business (2006). - Previous Experience: Vice President at RedBird Capital Partners; Associate at Austin Ventures; Consultant at Bain & Company; Analyst at TPG Capital; Associate at PwC. - Volunteering: Board Member at Rainbow Days, Inc. Key Skills: Private Equity, Financial Modeling, Valuation, Corporate Development, Venture Capital, and Mergers & Acquisitions. Recent Posts and Activity: - May 24, 2023: Kyle celebrated a Dallas Stars hockey win against the Seattle Kraken, noting a friendly wager with a partner. He quoted: "Aaron Perrine and Trilogy Search Partners are just as good of sports as they are partners! We look forward to many more! #GoStars" - July 17, 2023: Reflected on summer internship programs for ETA students. Quote: "Miramar Equity Partners enjoyed having Christian Eron (Co-Chair of the ETA Group at The University of Chicago Booth School of Business) join our team as an intern this summer! Thanks for all you did to support our searchers and CEOs." - July 13, 2023: Congratulated a team member on a promotion. Quote: "Miramar Equity Partners is proud to announce the promotion of Tommy Halter to Senior Associate! Tommy started with us as an undergraduate intern and is now a foundational piece of our team." - February 15, 2023: Participated as a guest in a legal industry podcast. Quote: "introducing our new podcast series #SEPerspectives focusing on timely topics in the legal industry... recorded during our annual seminar on search funds, Mario Nigro, Jared Bachynski and Kevin Guenther sat down with experienced searchers to discuss search fund trends and strategies." - February 18, 2020: Commented on hiring via his network. Quote: "A great opportunity to work with a young and hungry executive team backed by local private equity!" Fund details: - Description: Miramar Search Partners is the search fund investment platform of Miramar Equity Partners, a Dallas-based family office. Miramar seeks to partner with searchers to help them acquire and operate small businesses, and adds value by (1) sharing deal flow from its traditional private equity business, (2) providing advice and guidance based on its partners’ two decades of investing in small- and medium-sized businesses, and (3) investing capital for a time horizon that lines up with the vision of the executive team, not the life cycle of a fund. - Website: https://miramarequity.com - Location: Dallas, Texas, United States - Lead qualification: Research: - Query: =Miramar Search Partners Kyle Coots recent investments fund thesis - Answer: Kyle Coots co-founded Miramar Equity Partners in 2018, focusing on vertical market software and growth-oriented middle market buyouts. He previously worked at RedBird Capital Partners and Austin Ventures. His investment thesis emphasizes recurring revenue and growth potential.