Fractional Chief Legal Counsel, General Counsel

This is a fully remote position, open to applicants in United States.

📋 Description

• Act as the strategic legal advisor to the Principal/Founder, providing expert counsel on all legal and regulatory issues impacting alternative asset firms and family offices, encompassing securities laws, corporate governance, fund structuring, and compliance with regulations.

• Supervise regulatory compliance and securities law matters, ensuring adherence to the Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, and regulations from SEC, FINRA, NFA/CFTC, ERISA/DOL, and state securities regulators relevant to various alternative investment strategies.

• Lead the formation and structuring of funds, drafting and negotiating formation documents such as LPAs, LLC Agreements, PPMs, Subscription Agreements, Side Letters, and offering materials for private equity funds, hedge funds, private credit funds, real estate funds, venture capital funds, infrastructure funds, and other private investment vehicles.

• Negotiate investor documentation and terms, overseeing side letter negotiations, most-favored-nation provisions, fee arrangements, disclosure obligations, and tailored investment terms for institutional investors, pension funds, endowments, foundations, sovereign wealth funds, family offices, and high-net-worth individuals.

• Draft and negotiate investment management agreements, structuring separate account arrangements for both U.S. and non-U.S. institutional clients, including fee structures, investment guidelines, termination provisions, and regulatory representations.

• Provide legal guidance on investment transactions, advising on private equity investments, private credit transactions, real estate acquisitions, infrastructure investments, co-investments, direct investments, secondary transactions, fund-of-funds structures, and intricate deal structuring across multiple jurisdictions.

• Manage relationships with external counsel, coordinating with specialized legal advisors on fund formation, tax issues, ERISA compliance, international regulations, litigation, and complex transactions while overseeing legal budgets and ensuring cost-effectiveness.

• Establish corporate governance frameworks, creating board procedures, committee structures, conflict of interest policies, related party transaction protocols, and ensuring proper corporate recordkeeping and entity management.

• Review and negotiate agreements with vendors and service providers, managing contracts with fund administrators, prime brokers, auditors, technology providers, and other essential service providers to safeguard firm interests and ensure regulatory compliance.

• Provide counsel on employment and labor matters, guiding on employment agreements, compensation structures, restrictive covenants, employee handbooks, and compliance with federal and state employment laws and regulations.

• Monitor regulatory changes and implement necessary adjustments, tracking proposed regulations, SEC guidance, no-action letters, enforcement actions, and advising leadership on implications and required policy or operational modifications.

• Support litigation and regulatory issues, managing discovery responses, subpoenas, regulatory examinations, investigations, and collaborating with external litigation counsel as required.

• Develop legal policies and procedures, creating compliance manuals, investment guidelines, trading policies, disclosure frameworks, and other legal documentation to support firm operations and regulatory obligations.

• Conduct training and education, providing legal and regulatory training for investment professionals, operations staff, and senior leadership on relevant laws, regulations, and firm policies.

• Lead special projects, including new fund launches, strategy expansions (e.g., incorporating credit, real estate, or infrastructure strategies), regulatory registrations, corporate restructurings, mergers and acquisitions, GP-led transactions, and cross-border expansion initiatives.

⛳️ Requirements

• A Bachelor’s Degree in Law, Finance, Business Administration, or a related discipline.

• Candidates must possess a Juris Doctor or an equivalent law degree.

• Must be a member in good standing of the bar in one or more U.S. states.

• At least 12 years of experience as Chief Legal Counsel or General Counsel with a prominent Hedge Fund or Family Office.

• A minimum of 8 years of experience with Federal securities laws and federal, state, and local regulations governing financial institutions, including but not limited to, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and Securities Exchange Act of 1933, at a Hedge Fund, Investment Management Firm, Family Office, or a major law firm supporting U.S. registered investment advisers.

• Extensive experience with various investment vehicles, security types, and asset classes across multiple jurisdictions, as well as familiarity with a variety of regulatory agencies both in the U.S. and internationally.

• Exceptional oral and written communication skills, including via phone, email, and video conferencing, with the ability to exercise sound judgment and discretion, and demonstrated experience as the primary contact for legal and compliance-related inquiries.

• Ability to identify opportunities for improving existing processes and procedures, understanding the intersection of legal and compliance to help mitigate risk.

🏝️ Benefits

• Comprehensive health insurance plans.

• Competitive salary and performance-based bonuses.

• Opportunities for professional development and continuing education.

• Flexible work arrangements to support work-life balance.

• Collaborative and inclusive work environment.