Fund Owner Departures + Upper Tier Arrangements
An interview with Desireé Busching & Ira Kustin
The departure of a principal or key figure from a private fund can have profound implications, negatively impacting investor relations, halting the investment period, or triggering automatic redemptions. In this discussion, Desiree Busching, a labor and employment attorney, and Ira Kustin, a private funds lawyer, delve into the complexities surrounding fund owner departures. They explore how well-crafted contracts, particularly those involving management and fund structure (sometimes called the "upper tier arrangements") can ensure stability and that rights and obligations are clearly defined, minimizing the friction that can accompany high-level exits.
Desireé Busching and Ira Kustin are partners at the law firm Akin.
