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The Firm:
Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.
With offices in New York City, Connecticut, and Florida, the firm is comprised of 140+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.
The Position:
Seeking a top performing lawyer specializing in registered investment funds, ideally with experience in REITs and business development companies (BDCs). This role is focused on regulatory compliance, fund formation, and oversight of registered fund activities, including expertise in the Investment Company Act of 1940 and relevant securities laws.
Responsibilities:
The ideal candidate will have a JD degree from a top tier institution and at least 5 years of relevant experience in the following areas:
- Registered REITs, particularly under the Investment Company Act of 1940;
- Registered closed-end investment companies;
- Business development companies (BDCs);
- Compliance with the Securities Act of 1933 and Securities Exchange Act of 1934;
- Legal oversight of fund formation, regulatory filings, and operational compliance;
- Contract and entity management for registered investment vehicles;
- Institutional risk mitigation and securities law implications for investment funds;
- Advising on regulatory developments impacting registered funds and REITs;
- Special projects related to the firm’s fund strategies and structuring.
Preferred Experience:
- In-depth knowledge of the Investment Company Act of 1940, particularly as it applies to registered REITs and other closed-end funds;
- Strong understanding of legislative and regulatory changes impacting the firm’s contracts and investment vehicles, with experience in contract negotiation and regulatory compliance.
Individual Opportunity and Culture:
Opportunity for autonomy and personal growth -- to be the best you can be -- in a high performance, entrepreneurial, intellectually challenging and vibrant investment firm, where personal and business goals are achieved and exceeded.
The anticipated base salary range for this position is $200,000 - $300,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.
In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
Salary- $200,000 - $300,000
