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 $640 billion of total capital allocations, including $143 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 Legal Counsel/Senior Legal Counsel, Private Equity of StepStone Group will support StepStone’s Private Equity business, and report into the Associate General Counsel, Private Equity. As an integral member of the Legal team, the person filling this role will be responsible for drafting and negotiating legal documentation with respect to the firm’s (a) private equity investments, including primary fund commitments, secondary transactions and co-investments and (b) clients and investment products, including commingled funds, funds-of-one, and investment advisory relationships.
Essential Job Functions:
- Draft, review and negotiate documentation related to StepStone’s private equity investments, including private placement memoranda, partnership agreements, term sheets, letters of intent, side letters and equity financing documents
- Manage outside counsel in connection with formation of new commingled funds and funds-of-one and select private equity investment activity
- Review legal due diligence materials, including regulatory correspondences
- Monitor existing investment portfolio and manage disposition of investments
- 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
- Managing ongoing legal operational needs of commingled funds, advisory clients and funds-of-one, including term and investment period extensions, amendments, consents and liquidity elections
- Coordinate and work closely with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
- Supervise paralegals, including in the negotiation of confidentiality agreements, closing-related matters, subscription documents, transfer of fund interests, and other matters, on an as-needed basis
- 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.)
Qualifications
- Must possess a law degree (LLB or JD), good academic track record and membership in good standing with an applicable law society
- Approximately 3 to 5 years (1-3 years UK PQE) private markets fund formation/LP advisory, investment management and/or transactional legal experience within a law firm or investment management firm, with at least 2 years in a strong funds practice within a law firm
Required Knowledge, Skills, and Abilities:
- 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
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
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