Management Team
Our team has over 40 years of management and investment experience in a wide spectrum of industries. We have experience in every phase of business, including start-up management and venture capital fund-raising, experience on both sides of corporate M&A, high level executive management, real estate syndication and small business management.

Dave Carver, Partner

David Carver co-founded Search Fund Partners along with Rich Kelley. He is on the boards of Appsian, Cornerstone, Craftsman Unity Cutting Dies, Quality Coding Solutions, Remarkable Health, Swoogo and Top Quadrant.

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.

dave@searchfunds.net
P: 650-323-2616

Rich Kelley, Partner

Rich Kelley co-founded Search Fund Partners in 2004. He currently serves on the boards of Caravel Autism Health, The Change Companies, MST, Paragon, Redline, SafeLogic, Scott LeRoy Marketing, and Wolin Design Group.

richk@searchfunds.net
P: 650-323-8491

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, Partner

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 ConsumerAffairs.com, Crown Health, DSD Partners, Gogotech, Hathorn, IMS, ISI, Pacific Fertility Centers of LA, and Peerless Events and Tents.

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 PetSmart.com, 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.

jim@searchfunds.net
P: 650-868-9855

Todd Tracey, Partner

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 American Vision Group, ComplianceLine, Detroit Dental, Elevated Billing Solutions, FIMC, Precision Med, and Tire Disposal and Recycling.

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. He lives in Park City, UT with his wife Millicent and their two school-aged daughters.

todd@searchfunds.net

Noah Riner, Partner

Noah Riner joined Search Fund Partners after acquiring, leading as CEO, and successfully exiting NeuroInternational Healthcare, a company he sourced through the search fund model and grew from 93 to 550 employees. NeuroInternational provides specialty rehabilitation services to people with brain injuries and developmental disabilities. He currently serves on the boards of Bio Behavioral Institute, Roll-A-Shield, and Greenback Expat Tax Services.

Noah’s prior experience includes consulting at Booz Allen Hamilton, business development at Palantir Technologies, and a deployment to the Middle East as part of a Special Operations Task Force with the US Navy.

Noah holds an MBA from the Stanford Graduate School of Business, and he graduated from Dartmouth College with an A.B. in History and Government, where he was Student Body President and rowed on the varsity Heavyweight Rowing Team. Noah serves on the board of a foster care non-profit, All Star Children’s Foundation. Noah and his wife Britt have four children.

noah@searchfunds.net