In-House Fund Formation Attorney

In-House Fund Formation Attorney

Job responsibilities:

As a member of Allocate’s legal team, you will play a dynamic and vital role in supporting Allocate’s long-term growth. You will be responsible for providing comprehensive assistance with fund formation, onboarding, fund filings, regulatory compliance, as well as corporate governance matters, and other legal activities. You will also be an active participant in the development and success of Allocate’s technology products. The successful candidate should possess a strong understanding of private funds concepts, along with excellent organizational and communication skills.

Responsibilities include (but would not be limited to):

• 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.

Qualifications:

• 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. 

Essential Values & Culture

• Providing our clients with a world-class experience is our number one priority. We obsessively search for ways to improve the experience for our clients and partners. This requires extraordinary response times, proactivity, and ensuring that everything we do, from product strategy to offline communications is a top-tier client experience.

• Challenge convention: Instead of detailing all the reasons why an idea may not work, we constantly question things to determine how a viable idea may be put into motion.

• Commitment to continuous improvement: We find ways to personally scale each day by pushing ourselves up the learning curve.

• Meritocracy, not politics: We place the utmost value on results and rewards through merit, not reward actions driven by political agendas or behavior.

• Civil Discourse is embraced: We believe open, intellectually curious conversations are required to arrive at the best decisions. Respect is paramount in our dealings with one another, but our mission is always to get the right answer collectively, not to be right.

Additional Details:

• Reporting to: General Counsel

• Location: SF Bay Area, NYC, CT, Boston preferred, all US candidates will be considered. Hybrid for SF Bay Area and NY offices.

• Salary Range: It is expected that the base annual salary range for this position in the locations listed above will be $155,000-200,000. Actual salary will be determined based on the candidate’s experience, location, skills, training, certifications and education, and other relevant qualifications specific to the role, as well as internal equity and market data. Total compensation may also include equity and discretionary performance-based bonus based on factors such as individual and team performance.

• Benefits: Medical, dental, vision, responsible time off (RTO), 401k

• Employment: Full-time

• This role will be subject to Allocate's Code of Ethics and related compliance obligations of Allocate