"Succession Planning Series Part 2: Selling a Hedge Fund Founder's Interest to an Outside Investor" by Scott Budlong, William Orbe and Kenneth Werner published by The Hedge Fund Law Report

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January 16, 2014

Richards Kibbe & Orbe LLP partners Scott Budlong, William Orbe and Kenneth Werner published "Selling a Hedge Fund Founder's Interest to an Outside Investor", the second part of the two part "Succession Planning Series" that appeared in The Hedge Fund Law Report.

When a veteran hedge fund founder begins to contemplate retirement, he or she has choices to make about the nature of the firm to be left behind. The previous installment of this two-part series on succession planning explored the issues surrounding one such choice: bequeathing the management firm as an independent entity to be wholly owned and led by a successor generation of firm principals. This second installment addresses a different decision that a founder nearing retirement might make: selling the founder’s stake in the firm to an outside investor.

Click here to read "Succession Planning Series Part 2: Selling a Hedge Fund Founder's Interest to an Outside Investor"

Click here to read "Succession Planning Series Part 1: A Blueprint for Hedge Fund Founders Seeking to Pass Along the Firm to the Next Generation of Leaders"