Restrictive covenants: Eight top tips for asset managers

To see a breakdown of what “restrictive covenants” are view our recent article: Restrictive covenants: Management non-competes. For all the transformation that the internet has wrought across the business of investing, alternative asset management is still very much a “people” business. When investors subscribe capital to a fund, for instance, they are effectively backing the…

Restrictive covenants: Management non-competes

This month we focus on restrictive covenants in management employment agreements and the common pitfalls associated with them. What are restrictive covenants? A key focus in a buyer’s legal due diligence for the acquisition of a business will be the review of the employment (aka service) agreements of the target’s key directors and managers. A…