40 Act Attorney

Position Overview:

Monroe Capital LLC (collectively with its affiliates, “Monroe”) is a leading U.S.-based private credit asset management firm with approximately $19.4 billion in assets under management as of October 1, 2024. The firm was founded in 2004 and is headquartered in Chicago, and maintains nine additional offices in Austin, Boston, Farmington, CT, New York, Los Angeles, Miami, Naples, San Francisco and Seoul.  

Monroe is seeking a licensed attorney with registered investment funds experience to join our legal team.  The attorney’s focus will be on registered investment products, including privately offered business development companies (BDCs), non-traded BDCs and non-listed real estate investment trusts (REITs). The role offers a hybrid/flexible schedule, with an in-office expectation of a minimum of 2 days per week and the flexibility to work outside the office the other days.   

Duties and Responsibilities:

•  Draft, review, and maintain registration statements and related materials for funds and other securities offerings
• Coordinate with outside counsel and Monroe Wealth Management team to ensure timely and accurate regulatory filings, including registration statement amendments, supplements, exchange listing applications, proxy statements, and related filings
• Support Monroe’s Wealth Management team in all aspects of day-to-day fund, investment management and broker-dealer legal and regulatory compliance matters
• Prepare agendas, resolutions, investment management agreements and related documents, policies and procedures, and other materials for investment company board meetings and preparing related minutes
• Review distribution agreements and other general business contracts related to the registered funds / Wealth Management business; and
• Assist on other departmental projects and tasks as assigned. 

• Law degree 
• Admitted to any state bar association
• 3+ years of experience working at a law firm and or in-house, with a focus on registered investment funds (mutual funds, ETFs, open-ended funds), BDCs and/or REITs
• Knowledge of Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933 and the securities Exchange Act of 1934 preferred 
• Broker dealer / FINRA experience is a plus
• Excellent verbal and written communication skills 
• Ability to manage multiple tasks simultaneously in a deadline driven environment as well as contribute to department and  organizational special projects 
• Ability to work well independently and as a member of a team, which includes the ability to be flexible and adaptable 
• Strong attention to detail  

Physical Requirements

• Sitting: Frequently (approximately 70–80% of the workday)
  • Required for computer work, phone communication, and administrative tasks.
• Standing and Walking: Occasionally (approximately 20-30% of the workday)
  • May be required for filing, retrieving documents, or walking between departments or meeting rooms.
  • May be required to walk between Monroe offices located on different floors in the building
  • May be required to use a step-stool to access supplies
• Lifting/Carrying: Occasionally
  • Must be able to lift and carry items such as office supplies, boxes of paper, or small equipment (typically up to 20 pounds).
• Reaching/Bending: Occasionally
  • Required when organizing supplies, accessing low or high shelves, or setting up meeting rooms.
• Typing/Keyboard Use: Frequently
  • Daily use of computer, keyboard, mouse and other office equipment is required.
• Vision and Hearing: Frequently
  • Adequate vision for reading reports, emails, and spreadsheets.
  • Adequate hearing for phone conversations and verbal communication in meetings.
• Speaking: Frequently
  • Must be able to communicate clearly with staff, vendors, and external partners.

Compensation: It is expected that the base salary range for this position will be $250,000-$350,000. Actual salaries may vary based on factors such as skills, experience, and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.   

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. 

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.’s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.