Legal Intern, DUMAC

Duke Careers•Durham, NC

48d

About The Position

DUMAC is hiring several candidates as summer interns. DUMAC’s primary responsibility is to manage Duke University’s endowment assets. A legal intern for DUMAC may liaise with the Head of Legal Department on projects, work on term sheets and other investment strategies related to financing and investment, gain exposure to the preparation of offering materials, partnership agreements, management and compensation arrangements, and closing fund formation transactions, and review changing regulatory and compliance issues arising under U.S. and international securities, tax, and ERISA laws. Recent intern tasks have included reviewing Limited Partnership Agreements, Right to First Refusal Agreements, Audited Financials, and Investment Memos. Pre-existing knowledge of investment management is not required, but a strong interest is essential. Interest in technology is preferred as the role will explore the intersection of law and the latest AI tools in the legal industry. In addition to managing Duke’s endowment, DUMAC also manages the university’s defined benefit pension plan assets, Duke University Health System’s investments, and much of the university’s working capital. DUMAC also manages the assets of The Duke Endowment, the private charitable trust established by Duke University’s founder, James B. Duke.

Requirements

Strong interest in investment management.
Interest in technology.

Nice To Haves

Interest in technology is preferred as the role will explore the intersection of law and the latest AI tools in the legal industry.

Responsibilities

Liaise with Head of Legal Department on projects.
Work on term sheets and other investment strategies related to financing and investment.
Gain exposure to the preparation of offering materials, partnership agreements, management and compensation arrangements, and closing fund formation transactions.
Review of changing regulatory and compliance issues arising under U.S. and international securities, tax, and ERISA laws.
Reviewing Limited Partnership Agreements, Right to First Refusal Agreements, Audited Financials, and Investment Memos.