Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires, Miami, West Palm Beach, and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. The firm, founded in 1998, seeks to provide investors with a better approach to emerging markets, delivering attractive risk-adjusted returns supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy is a Registered Investment Adviser with the US Securities and Exchange Commission (SEC), a Signatory of the Principles for Responsible Investment (PRI), a Signatory to the Net Zero Asset Managers initiative (NZAMI) and a Supporter of the Task Force on Climate-Related Financial Disclosures (TCFD). Gramercy Ltd, an affiliate, is registered with the UK Financial Conduct Authority (FCA). For more information, please visit www.gramercy.com.
Summary: Seeking motivated and experienced lawyer to support the team on domestic market Legal Assets and opportunities, including the management of current DM Legal Assets, the underwriting of additional DM Legal Assets and the origination of future opportunities.
Experience/Qualifications Needed
- 3-6+ years legal experience (law firm or in-house) (must have prior litigation experience)
- Strong writing skills
- Strong analytical skills
- Well organized, motivated and energetic
Responsibilities
Asset Management
- Manage all legal due diligence memorandum for DM Legal Assets
- Monitor underlying litigation for current assets and summarize developments for internal consumption (Special Sits team and Gramercy IC) and investor updates
- Dayto-day borrower management (legal related), following up on outstanding requests related to status of legal assets, upcoming court deadlines, recent case law
- Monitor and update legal analysis for models related to current assets
- Assist team in building out covenant matrices for postclosing covenants related to underlying cases, insurance etc. and assist team in monitoring legal-related post-closing covenants
- Insurance reporting (legal), including providing legal updates needed for periodic insurance reporting; maintaining backup to comply with policy reporting requirements
- Legal work related to select assets, including analysis and management of underlying case(s) for select assets.
Additional Assets - Legal Analysis / Due Diligence
- Assistance with preliminary legal due diligence for potential new Legal Assets, including legal due diligence related to potential value of collateral, legal risks, duration, etc.
- Preliminary review of legal diligence provided by Borrowers; identify risks/items for review
- Assist with development of preliminary legal analysis for models related to potential new assets, potential value of collateral, legal risks, duration analysis, etc.
- Develop and update due diligence trackers for live deals
- Preliminary drafting of IC/other memos focused on legal asset and risks
- Assist team with deal execution, including review of specific sections of deal documents in relation to current status of underlying litigation and due diligence
- Assist team with creation of diligence budget tracking for live deals
