---
title: What is a transfer restriction, and where do I find it?
description: This article describes how transfers of interest work on Sydecar and does not constitute legal or tax advice.
---

[Skip to content](https://help.sydecar.io/what-is-a-transfer-restriction-and-where-do-i-find-it#main-content)

[![Sydecar\_Logo](https://help.sydecar.io/hubfs/Sydecar_Logo.svg)](https://help.sydecar.io/?hsLang=en)

Open main navigation

Close main navigation

- [Go to Sydecar Homepage](https://sydecar.io/)

[Go to Sydecar Homepage](https://sydecar.io/)

 Hey there! How can we help you?

- There are no suggestions because the search field is empty.

1. [Help Center](https://help.sydecar.io/?hsLang=en)
2. [Investors](https://help.sydecar.io/investors?hsLang=en)
3. [Post-Closing](https://help.sydecar.io/investors?hsLang=en#post-closing)

# What is a transfer restriction, and where do I find it?

## A transfer restriction restricts an investor from transferring shares or interest in the investment vehicle for a certain period of time. Certain penalties may apply if the transfer restrictions are violated.

Common restrictions include no secondary sales, required consent from the target, and lock-up periods such as the first 90 days after closing.

Check these documents before you start a transfer:

- **The investment agreement** - make sure that your transfer doesn’t violate any time-based restrictions on sales or re-assignment.**The portfolio company’s governing documents.** For example, a shareholder agreement or, in a Fund of Fund deal, the fund's limited partnership agreement.
- **Side letters.** Side letters with the portfolio company or fund may stipulate transfer restrictions.

Sydecar doesn't review the target's documents for transfer restrictions, please review your investment agreements to confirm whether a transfer restriction applies.

Still have questions? Contact our Deal Operations team at [operations@sydecar.io](mailto:operations@sydecar.io).

This article describes how transfers of interest work on Sydecar and does not constitute legal or tax advice.

- [Deal Leads](https://help.sydecar.io/deal-leads?hsLang=en#main-content)

    - [Onboarding & Profile Management](https://help.sydecar.io/deal-leads?hsLang=en#onboarding-profile-management)
    - [Setting up your SPV](https://help.sydecar.io/deal-leads?hsLang=en#setting-up-your-spv)
    - [Fundraising](https://help.sydecar.io/deal-leads?hsLang=en#fundraising)
    - [Closing / Post-Closing](https://help.sydecar.io/deal-leads?hsLang=en#closing-post-closing)
- [Investors](https://help.sydecar.io/investors?hsLang=en#main-content)

    - [Onboarding & Profile Management](https://help.sydecar.io/investors?hsLang=en#onboarding-profile-management)
    - [Investing / Funding](https://help.sydecar.io/investors?hsLang=en#investing-funding)
    - [Post-Closing](https://help.sydecar.io/investors?hsLang=en#post-closing)
- [FAQs](https://help.sydecar.io/faqs?hsLang=en#main-content)

    - [Compliance](https://help.sydecar.io/faqs?hsLang=en#compliance)
    - [SPV](https://help.sydecar.io/faqs?hsLang=en#spv)

[![Sydecar\_Logo](https://help.sydecar.io/hubfs/Sydecar_Logo.svg "Sydecar_Logo")](https://sydecar.io/)

© 2026 Sydecar, Inc.