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 $570 billion of total capital allocations, including $134 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.
As Deputy General Counsel, Private Wealth, you will be responsible for leading the StepStone Private Wealth legal team and will report into StepStone’s Chief Legal Officer. You will initially focus on legal matters related to the StepStone Private Wealth funds that are regulated under the Investment Company Act of 1940, as well as their subsidiaries and affiliated investment vehicles. You will work closely with the broader StepStone Legal and Compliance teams and lead the day-to-day implementation and maintenance of the compliance programs for the StepStone Private Wealth funds, with a view to becoming the funds’ Chief Compliance Officer in due course.
COMPETENCIES AND CRITICAL SKILLS:
- Lead staffing and strategy in respect of legal, and eventually, compliance, work required for the StepStone Private Wealth funds.
- Work closely with transactional attorneys across StepStone to execute investments (including joint transactions) on behalf of the StepStone Private Wealth funds, including negotiating and drafting documentation to execute private markets investments in (i) secondary purchases and sales of private markets fund interests, and (ii) direct investments and (iii) co-investments.
- In concert with the Chief Compliance Officer of the StepStone Private Wealth funds, develop and implement the funds’ policies, procedures and processes. Support the funds’ CCO in conducting risk assessment analyses and performing compliance testing.
- Advise and educate StepStone investment professionals and other personnel on 1940 Act compliance. Review and analyze applicable laws and regulations and keep abreast of regulatory guidance to determine whether changes or enhancements should be made to the StepStone Private Wealth funds’ compliance program.
- Prepare materials for the funds’ Board of Trustees and committee meetings, including agenda, exhibits, minutes, reports and resolutions.
- Draft/review 1940 Act fund registration statements, prospectuses, shareholder reports, tender offers and other regulatory filings.
- Draft/review contracts, including, service provider agreements, advisory/sub-advisory agreements, distribution agreements, transfer agency agreements, custodian agreements and related agreements.
- Assist the StepStone Private Wealth team in administering investment vehicles for HNW investors by coordinating transfers and drafting/reviewing amendments to fund documents.
- Special projects from time to time subject to availability and firm needs (e.g., strategic transactions, fiduciary counseling and training, securities law filings, client engagement documentation, marketing, etc.).
Required Knowledge, Skills, and Abilities:
- Strong knowledge of registered investment company disclosure and regulatory requirements, including fund structuring.
- Prior experience managing teams of lawyers on specific transactions with ability to shift seamlessly between executing (drafting, researching, etc.) and directing others.
- Professionally communicate with all levels of staff, as well as clients and investment manager personnel.
- 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, and collaborating with colleagues across asset classes to ensure consistency of StepStone approach and best practices.
- 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.
- 4 Year College Degree Required
- Must possess a law degree from an accredited and reputable law school, be admitted to the NC, NY, CA, MD or D.C. bar, and be in good standing
- Eight to fifteen years of experience as an attorney with experience at a law firm and/or financial services firm, with a focus on matters relating to the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
- Ideal candidates will have experience with private markets investment management firms, whether in-house or at a law firm.
- Experience managing attorneys and paralegals preferred.
Relocation support can be provided to those eligible.
Working out of 24 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.
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.
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.
Developing People at StepStone