Is there a place in any of the agreements where there are limitations on us being able to be involved in other non competing firms/funds? Or starting noncompeting firms/funds? I understand we can't start a fund II until X% is deployed within our own firm, but does that hold for anything external?
The Cornerstone Agreement provides that the general partner is prohibited in engaging in conduct which could constitute a conflict of interest without Approval. See the Conflict of Interest and Successor Fund provisions which prohibit activities that could potentially compete with the fund.