Legal Counsel / Senior Legal Counsel - Private Equity Funds

Full Time
2 months ago

StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $675 billion of total capital allocations, including more than $169 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview

The candidate who fills this position will support StepStone Group Private Wealth LLC (“SPW”). SPW manages private markets funds primarily domiciled in the USA, Luxembourg, the Cayman Islands and Australia. This position will primarily provide legal advice on fund structuring, maintenance and distribution matters related to a Luxembourg Part II fund complex and its Australian domiciled feeders. The position will report to the lead legal counsel for SPW.

Essential Job Functions:

  • Work closely with SPW’s lead counsel on all Part II fund matters, including but not limited to drafting fund related agreements (such as distribution agreements, platform agreements, administration agreements, etc.) and other fund related documents (such as subscription forms, offering memoranda, supplements, etc.)
  • Draft and negotiate distribution agreements, coordinate with Compliance Department to ensure compliance with local marketing laws and regulations
  • Work with outside counsel to register the funds in foreign jurisdictions
  • Review marketing materials for compliance with applicable regulations
  • Proactively liaise with Senior Associate General Counsel and other internal stakeholders to ensure consistent and coherent implementation of various legal projects
  • Support management of Luxembourg boards
  • Assist lead legal counsel for SPW in managing outside counsel and other services providers
  • Lead ad-hoc process improvement projects and other tasks

Education and/or Work Experience Requirements:

  • Experience in negotiating/drafting fund related agreements and other documents, with special focus on Luxembourg Alternative Investment Funds. Exposure to Australian, US as well as Cayman fund structures is an asset
  • Have successfully worked for a minimum of 3-4 years in a reputable law firm or asset management firm in relevant the field
  • Preferably have some experience as an in-house lawyer

Other Desired Skills/Attributes:

  • Self-starter” with the ability to work independently (but under certain level of supervision) and proactively manage the book of work
  • Professionally communicate with all levels of staff, internal and external
  • Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurately and on time
  • Foster a sense of teamwork, assisting others when needed/required; work collaboratively with attorneys supporting other asset classes to share best practices, provide coverage, etc.
  • Flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate
  • Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of StepStone
  • Focus on specific goals and demonstrate a sense of personal growth, accountability and urgency for achieving results
  • Willingness to limited travel (USA)

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

#LI-Hybrid