# The Operand Group Publishes every stage with a month range on it. A private equity firm specializing in search fund investments that publishes its whole process stage by stage with a duration on each: two to six months to raise initial capital, one to thirty months to search, six months to raise acquisition capital, four to seven years operating, and six months to negotiate an exit. It states a target earnings band, an investing scope across North America, and counts of a hundred and thirty-one searchers backed, forty-nine acquisitions and twenty-three exits. - Category: Capital & Investors - Pricing model: Custom Pricing - Where it fits: Set Up & Fund the Search - Website: https://theoperandgroup.com - Last verified: 2026-09-09 ## At a Glance The most complete published process here, and and it puts a month range on the search itself, which a searcher can plan against. ## What It Costs Investment terms, not fees. No fee is charged to a searcher; what the firm publishes about its own side is noted in the row. ## Best For A traditional searcher who wants the shape of the whole relationship, including how long the search itself is expected to take. ## Pros and Cons - Pro: Publishes how long a search may run, at one to thirty months - Pro: Publishes a duration for every stage from raising search capital through to exit - Pro: Publishes an earnings band, an investing scope, and counts of searchers backed and exits - Con: Its own pages give three different origin dates for the firm, one of which is a founder's career rather than the firm's - Con: Its portfolio companies render only as headings without the entries, so the named record cannot be read - Con: Publishes no searcher-side economics and no first-timer position ## What Searchers Say Named as a backer on the rosters of seven separate searchers. Its counters are genuine figures in the page rather than the placeholder animations two other firms here serve. ## Sources - https://theoperandgroup.com Source: https://searchspheresource.com/resources/the-operand-group