Position Summary
The AlpInvest Legal team is a small team that is based both in New York and Amsterdam. The New York based Legal team is primarily responsible for helping the New York and London based deal teams with making a variety of primary, credit, co- and secondary investments both in the U.S. and Europe. In this respect the New York based Legal team closely works together with the Tax Counsel and the Compliance Team as well as multiple other teams within AlpInvest.
The Legal Counsel will serve as one of the deal lawyers in the New York Office. This person will work primarily on credit/portfolio finance transactions executed in in New York and London and provide all related legal support in relation thereto. In addition, the Legal Counsel will provide guidance on day-to-day legal matters.
The Legal Counsel will report to the Chief Legal Officer and will collaborate with the other members of the Legal & Compliance team as well as the Investment Professionals, Portfolio & Risk Analysis, Investment & Financial Accounting, Cash Management, and Tax teams within AlpInvest. Additionally, this person will have significant interaction with our external lawyers.
Primary Responsibilities
Deal Related Responsibilities (75% of time)
- Review and negotiate transaction documentation including credit agreements, note purchase agreements, indentures and other customary financing agreements, purchase and sale agreements, contribution agreements, limited partnership agreements, and side letters with help of outside counsel
- Provide guidance to deal teams with respect to legal and business issues
- Provide guidance with respect to deal structures
- Review term sheets and bid letters
- Respond to AML/KYC requests
- Coordinate with Investment Accounting, Cash Management and Portfolio & Risk Analysis teams to consummate deals
- Assist with fund formation process for co- and/or secondary investors on an ad-hoc basis
- Manage external counsel
General Corporate Responsibilities (25% of time)
- Maintain existing investments (e.g., review requests for consent, election notices and amendment requests)
- Assist with advising internal groups with respect to legal questions regarding AlpInvest managed funds and SMAs
- Assist with regulatory (competition) filings
- Review and negotiate various third-party contracts including confidentiality agreements and non-reliance letters
Requirements
- Bachelor's Degree
- JD from top tier law school
- Admitted to NY Bar
- 4-7 years of relevant experience at an asset manager or law firm
- Experience with credit/portfolio finance transactions (e.g., asset-backed and NAV financing transactions)
- Thorough understanding of U.S. securities laws, including the U.S. Investment Advisers Act
- Hands-on
- Hard working
- Flexible
- Ability to effectively and clearly identify issues and formulate solutions
- Highly organized and efficient
- High level of comfort interacting with professionals throughout the organization, at all levels
- Excellent communication skills
- Detail-oriented
- Ability to work independently as well as collaboratively
- Ability to take ownership of assigned tasks and responsibilities
Benefits/Compensation
The compensation range for this role is specific to New York and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $190,000 to $230,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.
