Non-competes
I know but at junior level most funds (esp UMM / MFs) don’t have non-competes but at what point do those come in? Once you hit VP / Principal level? Are they tied to Carry?
And for the ones that are affected by this, what are the terms?
I know but at junior level most funds (esp UMM / MFs) don’t have non-competes but at what point do those come in? Once you hit VP / Principal level? Are they tied to Carry?
And for the ones that are affected by this, what are the terms?
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Will differ by region, a) loss of carry and b) buyback rights on co-investment are the most negative.
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