01 · Operator-Led Buy-Out · Part-time search
Your next chapter,
on a considered timeline.
For experienced executives who want to begin the search alongside their current role.
- Starting point
- Stay employed while you search; NCA sources and validates companies
- Experience
- Typically 15+ years of professional experience
- Transition
- Full-time at an NCA-approved LOI, or after due diligence
- Target company
- $3–8M EBITDA
- Program fees
- 5,000 enrollment + 5,000 annually (USD, EUR or GBP); no fees at or after LOI
- At closing
- 2× step-up on fees and your investment, up to 50,000 in total
- Ownership
- Up to 20% carried interest; optional co-investment above the cap, without a step-up