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GCM Grosvenor · 4 hours ago

Legal Counsel - Fund Formation and Structuring

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$200K/yr - $275K/yr

3+ years exp

GCM Grosvenor is a global alternative asset management solutions provider with approximately $87 billion in assets under management. The Legal Counsel (Principal) – Fund Formation and Structuring will play a key role in structuring, forming, and maintaining private and registered investment funds, ensuring legal and regulatory compliance across jurisdictions.

Asset ManagementBankingFinancial ServicesProfessional Services

Comp. & Benefits

Responsibilities

Lead or support the formation and ongoing maintenance of private funds, registered funds, and related investment vehicles; draft and negotiate LPAs, operating agreements, offering memoranda, and side letters

Collaborate with investment and product teams on new product launches, assessing legal structure, governance, and regulatory implications

Oversee preparation and negotiation of subscription agreements, side letters, and investor communications

Advise on issues under the Investment Company Act of 1940, the Investment Advisers Act of 1940, and related securities and commodities laws

Support fund board governance, periodic updates to offering documents, and investor reporting materials

Coordinate with external counsel to ensure efficient execution of fund-related initiatives

Serve as a trusted legal partner to internal stakeholders, balancing commercial goals with legal and regulatory requirements

Qualification

Fund formation experienceDrafting fund documentationU.S. securities laws knowledgeProject management skillsCommunication skillsAnalytical skillsHigh integrityCollaborative mindset

Required

Degree from a top-tier law school; admitted to practice in Illinois

3–5 years of experience in a leading law firm's fund formation or investment management practice, or comparable in-house experience at an asset manager

Demonstrated experience drafting and negotiating fund documentation (e.g., LPAs, PPMs, side letters, subscription documents, IMAs)

Strong grasp of applicable U.S. securities laws, including the Advisers Act and Investment Company Act

Exceptional drafting, analytical, and communication skills, with the ability to translate complex legal concepts into clear business guidance

Strong project management skills with a proven ability to manage multiple priorities under tight deadlines

High integrity, sound judgment, and a proactive, collaborative mindset