Compensation Overview

Position Overview:

The Legal Counsel/Senior Legal Counsel, Venture Capital & Growth Equity of StepStone Group will support StepStone’s Venture Capital and Growth Equity sector team within the Private Equity business, and report into the Associate General Counsel for that sector team. As an integral member of the Legal team, the person filling this role will be primarily responsible for drafting and negotiating legal documentation with respect to the firm’s Venture Capital and Growth Equity clients and investment products, including commingled funds, funds-of-one, and investment advisory relationships. The person filling this role will also support Venture Capital and Growth Equity fund and direct investments, both primary and secondary.

Essential Job Functions:

• Assist Associate General Counsel in fund formation and structuring for venture capital and growth equity commingled funds and funds-of-one
• Liaise and coordinate with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
• Manage outside counsel in connection with formation of new funds and select investment activity
• Review placement memoranda, partnership agreements, legal due diligence materials and related documents for investments in venture capital and growth equity funds and startup companies and prepare analysis regarding same for inclusion in investment memoranda or otherwise deliverable to clients
• Manage negotiation and execution of documentation, including term sheets, letters of intent, limited partnership agreements, side letters, subscription documents, placement agreements, advisory agreements and equity financing documents
• Negotiate and draft documentation to execute (1) secondary purchases and sales of fund interests and shares in startup companies, (2) co-investments, and (3) direct investments
• Monitor existing investment portfolio and manage disposition of investments
• Supervise paralegals, including in the negotiation of confidentiality agreements, closing-related matters, transfer of fund interests, and other matters, as needed
• 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:

• 4-Year college degree required
• Must possess a law degree from an accredited and reputable law school, be admitted to a state bar, and be in good standing
• Approximately 3 to 5 years of fund formation, investment management and/or transactional legal experience, preferably in venture capital
• Experience with venture capital investment management firms, whether in-house or at 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

Salary Range - $150,000 - $225,000

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.