Allocate.co careers
Fund Formation Attorney
New York Office (On-Site) · Full-time
Sponsorship not specified$180k-$210kDetected 19 days ago
ComplianceProduct StrategyCorporate LawCommunicationOrganizational Skills
About the role
- 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.
Responsibilities
- This includes preparing and negotiating private placement memoranda, partnership agreements, side letters, placement agreements, investment management agreements, and other fund-related documents.
- Handling corporate and entity matters, including forming and maintaining fund vehicles, general partner and management entities; supporting corporate governance, entity management, and maintenance of organizational records; and assisting with the company's own corporate and commercial matters.
- 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.
Requirements
- Juris Doctor degree from an accredited law school and at least one active bar membership/license to practice law in any state.
- Excellent written and verbal communication skills, with the ability to interact professionally with clients and team members.
- Civil Discourse is embraced: We believe open, intellectually curious conversations are required to arrive at the best decisions.
- We believe open, intellectually curious conversations are required to arrive at the best decisions.
- and the Investment Company Act exclusions relied on by private funds (Sections 3(c)(1) and 3(c)(7)). Familiarity with blue-sky/Form D filings and the broker-dealer/FINRA framework is a plus.
- 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.
- 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.
Nice to have
- SF Bay Area, NYC, CT, or Boston preferred
- all U.S. candidates will be considered.
- At least 4 years of experience at a major law firm or in-house legal department working on private funds
- experience with open-ended and closed-ended funds a plus.
- Strong understanding of the asset management industry and private funds, with detailed knowledge of the securities laws and regulations most relevant to private fund advisers-principally the Investment Advisers Act
- the Securities Act and Regulation D (including Rule 506(b)/(c) and the accredited-investor and qualified-purchaser standards)
- and the Investment Company Act exclusions relied on by private funds (Sections 3(c)(1) and 3(c)(7)).
- Familiarity with blue-sky/Form D filings and the broker-dealer/FINRA framework is a plus.
Compensation
- It is expected that the base annual salary range for this position in the locations listed above will be $180,000 - $210,000.
- 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
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