Associate General Counsel - Private Equity
About The Position
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 The Associate General Counsel, Private Equity, of StepStone Group LP will support StepStone’s Private Equity business, and report into the Senior Associate General Counsel, Private Equity. As an integral member of the Legal team, the person filling this role will be responsible for drafting, reviewing and negotiating legal documentation with respect to the firm’s private equity investments, including secondary transactions, co-investments and primary fund commitments. This role will also include assisting in the structuring, negotiation, formation, and management of StepStone’s Private Equity commingled funds, funds-of-one, and investment advisory relationships.
Requirements
- Must possess a law degree (LLB or JD), good academic track record and membership in good standing with an applicable law society
- At least 6 years’ experience in private markets transactions and/or fund formation within a law firm or investment management firm
- Professionally communicate with all levels of staff and external stakeholders
- 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
Responsibilities
- Structure, draft, and negotiate documentation related to secondaries (including GP-led and LP-led secondary transactions), co-investments, and primaries, including term sheets, partnership agreements, purchase agreements, side letters, transfer agreements and equity financing documents
- Assist in the formation and negotiation of special purpose vehicles
- Collaborate with and monitor external legal counsel in connection with private equity transactions, including reviewing invoices and providing feedback
- Monitor existing investment portfolio and manage disposition of investments
- Review legal due diligence materials, including regulatory correspondences
- Assist senior attorneys in fund formation and structuring for private equity commingled funds and funds-of-one and negotiating investment advisory agreements and placement agreements
- Manage ongoing legal operational needs of commingled funds, advisory clients and funds-of-one, including amendments, consents, MFNs and liquidity elections
- Supervise and manage internal paralegal team to ensure timely submissions of AML/KYC and subscription materials
- Coordinate and work closely with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
- Special projects from time to time subject to availability (e.g., strategic transactions, new product research and evaluation, special mandate activity, process efficiencies, legal technology implementations, fiduciary counseling and training, regulatory filings, etc.)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Ph.D. or professional degree
