A provision intended to ensure that the identified management professionals making and managing the investments on behalf of the vehicle are the same individuals who the investors expect to manage the vehicle and / or the individuals responsible for the prior track record(s). Key person provisions often allow investors to suspend further investments in the vehicle if certain key personnel leave the manager or in case of other circumstances as defined in the vehicle documentation.
Global Definitions Database
Key person clause
Source: Global | Date: 07 June 2022 | ID: D0797 | Version: 4