Signed in as:

Search Fund Partners

Dave Carver

David Carver co-founded Search Fund Partners along with Rich Kelley. He is on the boards of Datum Technologies, FastSpring, Great Bay Software, Grey Heller, PlanetDDS Software, Raptor Technologies, Remarkable Health and StaffOne.

David spent thirty years as an executive in software, technology and related services, and has extensive experience in all phases of business, including M&A, fund-raising, strategy and operations. He was CEO of HiFive Networks, CEO of Hipbone Networks, EVP and GM at Network Associates; COO of Network General, an EIR at Institutional Venture Partners; and an executive in software and services at the Hewlett-Packard Company.

Dave has an MBA from Stanford Graduate School of Business and a B.S. in Mathematics from the University of Arkansas. Dave and his wife Julia have two sons, RJ and Sam. 

Rich Kelley

Rich Kelley co-founded Search Fund Partners in 2004. He currently serves on the boards of Pet Loss Center, DCI Caravel Autism Services, RIA in a Box, ISC Water, FMT, Attainia, and MST.

Rich Kelley has been involved in numerous small businesses and start-up companies as an operator, owner, and investor. His varied experience includes: CFO of Score Learning Centers, CEO of San Jose Giants, General Partner of the Stanford Terrace Inn, developer of houses and subdivisions, owner of office buildings and hotels, investor in successful tech start-ups (Coinstar, PLX Technology, Corcept Therapeutics). He has also invested in many limited partnerships, including venture funds, and has been involved as a search fund investor since 1994.

Rich has an MBA from Stanford and a BA from Stanford. Rich and his wife Gina have two children, Riley and Sam. He has served as an elected school board trustee and is active with the Positive Coaching Alliance and Sustainable Conservation as an advisor.

Jim Edmunds

 Jim Edmunds joined Search Fund Partners in 2008 after running a company sourced through the search fund model. Jim and his partner found and acquired Celebrity Kids Portrait Studios, a leading provider of upscale children’s photography in 2005. Jim served as President and CFO of the company. He currently participates on the boards of Microdea, Neuro International,, Gogotech, and UCIT Online.

Before launching a search fund, Jim was an Associate at McKinsey & Company in Palo Alto. Prior to attending business school, Jim conducted business development for, managed a successful political campaign in Texas, and worked in Investment Banking and Equity Capital Markets at Bear Stearns.

Jim holds an MBA from the Stanford Graduate School of Business, where he was named a Siebel Scholar, and an A.B. in History from Harvard University. He is the treasurer of Building Futures Now, a non-profit dedicated to helping high potential students in East Palo Alto. He lives in Menlo Park with his wife Christine, daughters Emiko and Mika, and son Koji.

Todd Tracey

Todd Tracey joined Search Fund Partners in 2016 after acquiring, running, and successfully exiting HemaSource, a company he sourced through the search fund model. HemaSource is a distributor of medical disposable products to the blood therapies markets and at the time of the sale it was one of the most successful ‘single searcher’ exits. Todd served as President and CEO of the company.

He currently participates on the boards of ComplianceLine, TDR, Detroit Dental, and Elevated Billing Solutions.

Prior to launching his search fund, Todd filled leadership roles in operations, sales, and finance for a variety of lower middle market companies. His broad industry background includes agriculture, telecommunications, web advertising and healthcare. He also worked as a Senior Associate for Mercer Management Consulting (now Oliver Wyman).

Todd holds an MBA from the Kellogg School at Northwestern University where he was a Lerner Scholar and the Harry W. Gillies Management & Strategy Student of the Year. He graduated cum laude from Dartmouth College with an A.B. in Economics.