Private Markets Investment Attorney

TMRS Overview

The Texas Municipal Retirement System (TMRS) is a statewide public retirement system that provides retirement, disability, and death benefits to more than 230,000 employees, retirees and their beneficiaries of 940 participating Texas cities. TMRS’ investment staff manages more than $43 billion in Trust Fund assets.

Position Duties/Responsibilities  

The Private Markets Investment Attorney reports to the Chief Legal Officer and provides legal advice to TMRS investment staff.  The attorney will represent TMRS on multi-million dollar, complex fund investments and private market transactions, and brings significant transactional experience and negotiating skills.  You will work with highly motivated, experienced legal and investment professionals.  Duties include:

• Negotiating agreements for all TMRS asset classes, including documents for private funds, funds of one, co-investment transactions, investment manager agreements, and strategic partnerships.
• Providing legal advice to the investment staff and senior management relating to investment matters.
• Researching and advising on investment-related legal matters.
• Ensuring compliance with state and federal laws and rules applicable to TMRS’ investments.
• Preparing communications, memos, and legal opinions.
• Retaining and supervising outside counsel.
• Special projects and other duties as assigned.

Qualities We Are Looking For

• A Passion for Public Service. You are passionate about public service and TMRS’ mission to positively impact the lives of our Members.
• Intellectual curiosity and determination. You are smart, intellectually curious, and grasp complex subjects quickly.
• A Great Colleague. You are a person of integrity, work hard, value collegiality, and can work with a wide variety of people. You value working as part of a team.
• Effective communicator. You listen carefully, ask questions effectively, and articulate your ideas clearly and concisely.
• You are a neighbor. You live within a commutable distance to TMRS’ office and will work in the office at least three days/week.

Education and Experience

A JD degree and at least five years of private markets legal experience is required. Experience working for asset managers or institutional investors is required, experience with mergers and acquisitions or finance is preferred.  Each candidate must be a licensed attorney and in good standing with a state bar association (a State of Texas licensed attorney is preferred). If not licensed in Texas, the candidate must be eligible to waive into the Texas State Bar within one year from date of hire.

Compensation and Benefits

TMRS provides competitive compensation, a pension plan, medical, dental and vision insurance provided at no cost for employees, flexible scheduling, twelve paid holidays, a modern and centrally located office, a generous leave program, and hybrid work opportunities. Compensation is competitive and will reflect the candidate’s experience and qualifications.

Physical Requirements

Sedentary work: Exerting up to 10 lbs. of force. Ability to perform the essential job functions safely and successfully consistent with federal, state, and local standards.