Jefferies Extended Non-Competes for Private Capital Advisory Arm

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.