Assistant General Counsel, Alternative Investments

Marsh McLennan•St. Louis, MO

11d•$165,500 - $331,000•Hybrid

About The Position

Marsh is seeking an Assistant General Counsel to join its Legal, Compliance & Public Affairs team and support Mercer’s Alternative Investments business. The role is based in Boston and follows a hybrid schedule, with at least three days per week in the office. The position provides strategic and tactical legal advice on matters relating to global private markets and hedge fund-of-funds products and separately managed accounts (SMAs). The successful candidate will work cross-jurisdictionally with Investments, Operations, Compliance, and other internal and external stakeholders. The role oversees transaction negotiations, supports legal and regulatory compliance, and mitigates legal risks across the Alternative Investments practice. It also oversees a team of paralegals and/or junior lawyers supporting private-funds transactions.

Requirements

At least 7 years of experience advising on private funds, including both closed-end and open-end funds; preferably gained at a law firm.
JD from a US-accredited law school.
License to practice law in good standing in at least one US state.

Nice To Haves

Strong knowledge of the Investment Advisers Act and its application to private funds.
Familiarity with EU, UK, Canadian, and other non-US private-fund structures and regulatory requirements.
Proven experience drafting and negotiating private-fund transactional documents.
Excellent analytical, drafting, and negotiation skills.
Ability to work effectively in a fast-paced, dynamic environment, manage multiple priorities, and manage a team.
Strong communication and interpersonal skills, including explaining complex legal concepts to non-legal stakeholders.
Experience advising on tax structuring considerations, including UBTI, ECI, and CFC/PFIC rules.

Responsibilities

Provide legal counsel to Investments and Operations on commercial and legal terms for fund investments across alternative asset classes and investment types.
Manage external counsel conducting legal and tax due diligence and negotiating transactional documents for global private funds and SMAs.
Lead negotiations on complex private-markets transactions involving global private funds and SMAs.
Manage timely delivery of projects and legal advice, including oversight of external counsel within agreed scope and budget.
Advise on corporate actions issued by underlying investments, including proposed fund amendments and consents.
Oversee legal aspects of developing, launching, and operating investment funds and SMAs, including legal, regulatory, and tax structuring and drafting, reviewing, and negotiating fund documentation.
Advise Investments, Operations, Commercial, and Compliance teams on the Investment Advisers Act, securities laws, Cayman Islands law, and other laws and regulations affecting private funds.
Oversee a team of paralegals and/or junior lawyers supporting the private-funds transactions process.