Associate, Legal (Fund Formation Paralegal)

Adams Street Partners • Chicago, IL

2d • $65,000 - $80,000

About The Position

Adams Street Partners (“Adams Street”) is a global private markets investment manager that has $65 billion in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the eighth year in a row, Adams Street was named one of Pension & Investments’ Best Places to Work in Money Management in 2025.
Employees operate as a single global team, integrating the expertise of the firm’s investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.
The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.
Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.
Adams Street Partners is seeking a Paralegal to join its growing Legal team. The Paralegal will be tasked with supporting activities related to private equity investments as well as closings of private equity fundraises. This individual will also provide general support to the Legal team in a variety of fundraising, investing and compliance related activities. He/she will work in the twenty-two-member Legal team, which oversees Adams Street’s global legal and compliance functions.
Role Description:
Specifically, this individual will be involved with:

Requirements

• Undergraduate degree, ideally with a business administration or law focus, is required, and a paralegal certificate from an ABA accredited program is strongly desired.
• Two to three years paralegal or legal project assistant experience in corporate/transactional law practice setting with exposure to with private equity fund structures.
• Experience assisting with multiple closings preferably in private equity fundraising and investing, mergers and acquisitions, and/or debt finance.
• Managing and organizing transactional documentation, ideally in the areas of private equity fundraising and/or investments.
• Familiarity with global Anti-Money Laundering/Know Your Customer (AML/KYC) laws and regulations.
• Exceptional attention to detail, highly organized and able to prioritize and meet competing deadlines.
• Knowledge of and experience using document management systems, electronic data rooms, legal focused and general AI systems and MS Office suite required.
• Interest in staying abreast of industry trends, product knowledge and trends in marketing and investor relations.
• Ability to work independently and on a team.
• Strong problem-solving skills with a desire to learn new and complex concepts.

Responsibilities

• Preparing and maintaining various documents/instruments: investment approval documentation, private equity fund subscription documents, debt finance documents, closing lists, corporate charters, LLC/partnership formation documents, corporate resolutions, officer certificates, AML/KYC documentation, etc.
• Interacting with internal and external investment professionals, lawyers, bankers, accountants, investors and other professionals.
• Maintaining control of closing documentation and ensuring they conform to Adams Street’s guidelines.
• Assisting with the preparation and maintenance of private equity fund formation, fundraising and investment documentation.
• Managing post-closing assembly/distribution of closing documents and closing volumes.
• Responding to investor and fund general partner requests in connection with closings and amendments as well as supplemental information requests.
• Maintaining and improving internal records, checklists, spreadsheets, and other tracking devices.
• Participating in and assisting in the management of due diligence projects.
• Performing other ad hoc projects as assigned.

Benefits

• We offer a competitive U.S. benefits package designed to support health, financial security, and work-life balance.
• Highlights include medical, dental, and vision coverage; a 401(k) with immediate vesting and employer match; profit sharing; flexible spending accounts (FSA); and paid parental leave, including adoption.
• Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees