# Milk Street Ventures

Milk Street Ventures is a Venture Capital based in Boston, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.milkstreetventures.com
- **LinkedIn:** https://www.linkedin.com/company/milk-street-ventures

## Regulatory record

- **CRD number:** 170986
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-27T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/170986

## About

Milk Street Ventures was founded in 1997 as an early-stage tech fund. Since 2015, the firm has focused exclusively on search funds, working directly with entrepreneurs seeking to acquire and lead companies. The firm also has experience in secondary transactions involving stakes in venture-backed technology companies near liquidity events.

## Sectors

- Search Funds
- Early-Stage Technology
- Secondary Transactions
- Venture Capital

## People

- Peter Schober — Principal

## Questions

### How does Milk Street Ventures deploy capital into the search fund ecosystem?

The firm provides both search capital — funding an entrepreneur's living and diligence expenses while they hunt for a company — and the acquisition equity needed to close the purchase. This dual commitment covers the two distinct phases of a standard search fund. The approach is designed to align Milk Street with the operator from the initial search through their tenure as CEO.

### Who are the target entrepreneurs for Milk Street Ventures?

Milk Street backs individuals, often recent MBA graduates or experienced operators, aiming to become CEO of an existing private company through a search fund. The firm seeks entrepreneurs who can identify a business with established cash flows in North America and step in to run day-to-day operations. The model favors candidates who can successfully transition from searching to executing a management buy-in.

### Does Milk Street Ventures participate in fund commitments or only direct deals?

The firm operates as a direct investor into individual search funds and the resulting acquisitions. It does not publicly market a commingled fund vehicle for outside limited partners. Its deployment pathway is deal-by-deal, putting capital beside the individual searcher rather than through a blind-pool commitment.

### What investment stages does Milk Street Ventures typically target?

Activity spans two connected stages: the early-stage search phase, where capital supports the entrepreneur before a business is identified, and the acquisition or direct secondary stage, where equity funds the purchase of the target company. The firm also notes a capability to engage in restructuring transactions when a search-acquired company needs turnaround capital.

## Related profiles

- [Milkbox Partners](https://altss.com/profile/milkbox-partners)
- [Mill City Capital](https://altss.com/profile/mill-city-capital)

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Last updated: 2026-07-10T07:58:00.000Z

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