11-08-2025
Jefferies Extended Non-Competes for Private Capital Advisory Arm
By and Katherine Doherty
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Jefferies Financial Group Inc. temporarily tightened employment contracts for its private capital advisory teams to discourage competitors from poaching talent that's in greater demand amid a boom in the secondaries market.
The firm rewrote the contracts in early 2025 to include one-year gardening leaves for partners and managing directors, as well as 30 days for junior analysts and associates, according to people familiar with the matter.
