We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

Position Overview:

We are seeking a Private Wealth Legal Counsel with 2-4 years of experience to join our in-house legal team at a leading private markets asset manager. This role will support legal matters related to the firm’s US registered funds including closed-end funds and BDCs. The ideal candidate will have experience with structuring and regulation of funds registered under the Investment Company Act of 1940, as amended (the “1940 Act”).

Essential Job Functions: 

• Manage day to day questions relating to registered investment companies
• Prepare materials for quarterly board meetings for the registered fund directors
• Work with the business development team to draft and negotiate distribution agreements
• Work with the investment teams to structure deals to comply with 1940 Act restrictions
• Build out and manage the RIC compliance program
• Draft and review all applicable filings with the assistance of outside counsel
• Manage outside counsel on various tasks and projects
• Assist in the management of Cayman feeder funds that feed into the 1940 Act funds

Qualifications & Skills

• J.D. from an accredited law school and licensed to practice law in New York, North Carolina or California
• 2-4 years of experience in registered investment companies with experience in general fund formation and fund structuring
• Knowledge of private market investments, alternative funds (PE, VC, real estate), and 1940 Act fund structures
• Strong understanding of the 1940 Act and the Advisers Act of 1940
• Excellent legal drafting, analytical, and research skills
• Ability to collaborate with internal stakeholders including investment teams, business development, fund operations and accounting and compliance professionals
• Experience advising on investment structuring related to the 1940 Act
• Experience with Cayman feeder funds is a plus but not required
• Strong interpersonal and communication skills, with a client-centric approach

Salary Range - $150,000 - $200,000

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

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