Market Chatter: KKR Removes Non-Compete Clauses for Lower-Paid Staff at US Portfolio Companies

MT newswire2026/10/09 12:36

08:36 AM EDT, 10/09/2026 (MT Newswires) -- KKR (KKR) has banned non-compete agreements for employees earnings less than $100,000 annually at the companies it owns, Bloomberg reported Friday, citing co-head of global private equity Pete Stavros. The firm has also banned enforcement of existing non-competes and new non-competes, and aims to expand this policy to employees earning over $100,000 per year, Stavros said at an interview, according to Bloomberg. KKR did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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