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Position Overview
The Associate General Counsel, Private Equity, of StepStone Group LP will support StepStone’s Private Equity business, and report into the Senior Associate General Counsel, Private Equity. As an integral member of the Legal team, the person filling this role will be responsible for drafting, reviewing and negotiating legal documentation with respect to the firm’s private equity investments, including secondary transactions, co-investments and primary fund commitments. This role will also include assisting in the structuring, negotiation, formation, and management of StepStone’s Private Equity commingled funds, funds-of-one, and investment advisory relationships.
Essential Job Functions:
- Structure, draft, and negotiate documentation related to secondaries (including GP-led and LP-led secondary transactions), co-investments, and primaries, including term sheets, partnership agreements, purchase agreements, side letters, transfer agreements and equity financing documents
- Assist in the formation and negotiation of special purpose vehicles
- Collaborate with and monitor external legal counsel in connection with private equity transactions, including reviewing invoices and providing feedback
- Monitor existing investment portfolio and manage disposition of investments
- Review legal due diligence materials, including regulatory correspondences
- 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
- Manage ongoing legal operational needs of commingled funds, advisory clients and funds-of-one, including amendments, consents, MFNs and liquidity elections
- Supervise and manage internal paralegal team to ensure timely submissions of AML/KYC and subscription materials
- Coordinate and work closely with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
- 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.)
Education and/or work experience requirements:
- Must possess a law degree (LLB or JD), good academic track record and membership in good standing with an applicable law society
- At least 6 years’ experience in private markets transactions and/or fund formation within a law firm or investment management 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 - $275,000 - $300,000
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.
#LI-Hybrid
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
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.
Candidates must be at least 18 years old to apply.
Developing People at StepStone
StepStone Group New York, New York, USA Office
450 Lexington Avenue, 31st, New York, NY, United States, 10017
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