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SalaryStepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview:
The Legal Counsel/Senior Legal Counsel, Venture Capital & Growth Equity of StepStone Group will support StepStone's Venture Capital and Growth Equity sector team within the Private Equity business, and report into the Associate General Counsel for that sector team. As an integral member of the Legal team, the person filling this role will be primarily responsible for drafting and negotiating legal documentation with respect to the firm's Venture Capital and Growth Equity clients and investment products, including commingled funds, funds-of-one, and investment advisory relationships. The person filling this role will also support Venture Capital and Growth Equity fund and direct investments, both primary and secondary.
Essential Job Functions:
- Assist Associate General Counsel in fund formation and structuring for Venture Capital and growth equity commingled funds and funds-of-one
- Liaise and coordinate with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
- Manage outside counsel in connection with formation of new funds and select investment activity
- Review placement memoranda, partnership agreements, legal due diligence materials and related documents for investments in Venture Capital and growth equity funds and startup companies and prepare analysis regarding same for inclusion in investment memoranda or otherwise deliverable to clients
- Manage negotiation and execution of documentation, including term sheets, letters of intent, limited partnership agreements, side letters, subscription documents, placement agreements, advisory agreements and equity financing documents
- Negotiate and draft documentation to execute (1) secondary purchases and sales of fund interests and shares in startup companies, (2) co-investments, and (3) direct investments
- Monitor existing investment portfolio and manage disposition of investments
- Supervise paralegals, including in the negotiation of confidentiality agreements, closing-related matters, transfer of fund interests, and other matters, as needed
- Special projects from time to time subject to availability (e.g., strategic transactions, new product research and evaluation, special mandate activity, process efficiencies, legal technology implementations, fiduciary counseling and training, regulatory filings, etc.)
Qualifications:
- 4-Year college degree required
- Must possess a law degree from an accredited and reputable law school, be admitted to a state bar, and be in good standing
- Approximately 3 to 5 years of fund formation, investment management and/or transactional legal experience, preferably in Venture Capital
- Experience with Venture Capital investment management firms, whether in-house or at a law firm
Required Knowledge, Skills, and Abilities:
- Professionally communicate with all levels of staff and external stakeholders
- Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurately and on time
- Foster a sense of teamwork, assisting others when needed/required; work collaboratively with attorneys supporting other asset classes to share best practices, provide coverage, etc.
- Flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate
- Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of StepStone
- Focus on specific goals and demonstrate a sense of personal growth, accountability and urgency for achieving results
Salary Range - $150,000 - $225,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
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