Allocate · 1 day ago

In-House Fund Formation Attorney

United States

Full-time

Remote

Mid Level

$155K/yr - $200K/yr

4+ years exp

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Responsibilities

Advising on a broad range of legal and regulatory matters related to the formation, distribution/marketing, and operation of private funds and separate account products. This includes preparing and negotiating private placement memoranda, partnership agreements, side letters, placement agreements, investment management agreements, and other fund-related documents.

Supporting the company’s various investment activities, including conducting due diligence on investments, performing legal reviews, negotiating terms, and managing engagement letters and other investment agreements.

Supporting and advising client and relationship teams in areas such as investor onboarding, responding to investor inquiries, and reviewing marketing materials, investor presentations, RFPs, and DDQs to ensure regulatory compliance and alignment with standards.

Monitoring and ensuring compliance with relevant laws, regulations, and industry standards for registered advisers and private investment funds. Assisting with regulatory filings, including Form ADV, Form PF, and Form D, and coordinating responses to regulatory inquiries.

Drafting, negotiating, and managing various legal documents, including transaction documents, carry program documents, client agreements, vendor contracts, and NDAs, ensuring they are current and compliant.

Building and maintaining strong working relationships with key business partners, including external counsel, clients, and internal teams, to effectively support Allocate’s business initiatives.

Actively contributing to the development of Allocate’s investment and technology products and initiatives.

Qualification

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Private FundsBar MembershipSecurities LawsAsset ManagementRegulatory ComplianceLegal Document Drafting

Required

At least 4 years of experience at major law firm or in-house legal department working on private funds; experience with open-ended and closed-ended funds a plus

Juris Doctor degree from an accredited law school and at least one active bar membership/license to practice law in any state

Strong understanding of the asset management industry and securities markets, as well as detailed knowledge of securities laws, rules and regulations that relate to investment advisers (e.g., Investment Company Act, Investment Advisers Act, Securities Act, SEC rules). Understanding of the broker-dealer industry and related FINRA rules is a plus.

Excellent written and verbal communication skills, with the ability to interact professionally with clients and team members.

Willingness to be very hands-on and proactive in offering solutions; comfortable with technology.

Strong organizational skills with the capability to manage multiple tasks and meet deadlines effectively, while maintaining keen attention to detail and accuracy in all work product.