Associate General Counsel

Millennium; Greater London; On-site; GBP 120,000 - 230,000; Full time

Job summary

Millennium is seeking an Associate General Counsel with extensive investment management experience to lead negotiations of portfolio manager agreements and related contracts. You will draft and negotiate separate account, investment management, and bespoke fund documents, while guiding governance and regulatory considerations.

You will coordinate with senior management across the firm to address legal issues, manage multiple projects, and support capital formation initiatives in a fast-paced,

Qualifications

• Seven+ years in investment management or related legal practice.
• Strong experience drafting and negotiating fund and management company agreements.
• Solid understanding of hedge funds and securities regulations.

Responsibilities

• Lead negotiation and execution of portfolio manager agreements with internal/external PMs.
• Draft and negotiate separate account, investment management, and bespoke fund docs.
• Provide governance and regulatory guidance related to capital deployment.
• Coordinate with senior management and stakeholders across the firm.
• Identify and resolve legal regulatory issues; escalate as needed.
• Support capital formation initiatives and policy development.

Skills

PMA negotiations

Private fund structuring

Governance

Securities regulations

Seedings / GP stake deals

Restrictive covenants

Strategic judgment

Stakeholder communication

Job description

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.

Meet the Team

The Legal Department provides legal advice and guidance globally across all aspects of Millennium’s business and operations. The team manages the legal aspects of firm initiatives and a broad range of legally intensive projects, partnering across the organization and overseeing relationships with external legal advisors worldwide. As an Associate General Counsel, you will focus on negotiating arrangements with portfolio managers, both internal to Millennium and with external capital allocations, as well as separate account, management and bespoke fund agreements, and other similar transactional and related regulatory work. As a member of our legal team, you will have significant exposure to the sophisticated legal framework of asset management and would collaborate with many other departments across the firm.

What You'll Do

• Lead the negotiation and execution of portfolio manager agreements, including arrangements for internal and external portfolio managers
• Draft, negotiate, and advise on separate account, investment management, bespoke fund, joint venture, seeding and other agreements supporting portfolio manager onboarding and capital deployment
• Provide legal guidance on governance, contractual rights, and regulatory considerations related to capital deployment with portfolio managers
• Manage multiple concurrent processes, coordinating closely with senior management and stakeholders across the firm
• Identify, assess, and resolve legal and regulatory issues, escalating matters appropriately
• Support additional Legal Department projects, including capital formation initiatives and the development of policies and procedures

What You Bring

• At least seven years of experience in an investment management or related practice at a prestigious law firm or within the legal department of an investment adviser; relevant in-house experience is a plus
• Strong command of private fund and management company structuring, governance, and operations
• Solid understanding of hedge funds and applicable securities regulations, including relevant provisions of the Securities Act, Investment Advisers Act, and Investment Company Act
• Experience drafting and negotiating seeding arrangements and/or transactions involving management company or general partner stakes is a plus
• Familiarity with restrictive covenants, including non-competition, non-solicitation, and confidentiality provisions, is a plus
• Strategic judgment and the ability to balance legal risk with business objectives
• Strong written, verbal, and interpersonal communication skills, with the poise and confidence to engage stakeholders at all levels
• Proactive, organized, and efficient approach to managing multiple priorities and partnering directly with business stakeholders in a highly dynamic environment