Legal Counsel – Credit Funds – Client Role

Arootah; New York (NY); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

Medical, Dental, Vision Insurance

401(k) Retirement Plan

Paid Time Off & Holidays

Professional Development

Performance-Based Incentive

Job summary

Arootah is seeking an experienced attorney to join its Legal & Compliance team in a dedicated in-house counsel role supporting its growing credit investment platform in New York.

The attorney will provide legal and regulatory guidance across private and registered funds, advise on fund formation, governance, and compliance, and work closely with investment professionals and senior leadership.

Qualifications

• 4-6+ years of relevant legal experience at a law firm, investment manager, or combination of both.
• J.D. from an accredited law school and admission to at least one U.S. state bar.
• Experience advising investment managers, private funds, registered funds, or alternative investment strategies.
• Strong understanding of private fund formation, investment documentation, and ongoing fund operations.
• Knowledge of the Investment Advisers Act and Investment Company Act of 1940 preferred.

Responsibilities

• Serve as an in-house legal resource to investment, operations, compliance, and other business teams.
• Advise on regulatory matters involving the Investment Advisers Act, Investment Company Act of 1940, securities laws, and other requirements applicable to investment managers.
• Support the formation, structuring, and ongoing operation of private and registered investment funds.
• Provide legal support across credit strategies including private credit, direct lending, asset-based lending, structured credit, and CLOs.
• Review and negotiate fund documentation, including offering materials, partnership agreements, subscription documents, and side letters.
• Advise on fund governance, potential conflicts, trading restrictions, and related compliance matters.
• Support the marketing and distribution of investment products in the U.S. and internationally, including placement agent arrangements.
• Partner closely with the compliance team on policies, procedures, regulatory matters, and ongoing risk management.
• Manage relationships with external counsel and other legal service providers.
• Monitor regulatory developments and advise investment and business teams on their potential impact.

Skills

Legal experience

Investment management

Drafting

Negotiation

Analytical skills

Communication skills

Independent work

Education

J.D. from an accredited law school

Bar admission in at least one U.S. state

Job description

About The Role

Our client, a leading alternative investment manager, is seeking an experienced attorney to join its Legal & Compliance team in a dedicated in-house counsel role supporting a growing credit investment platform.

This is an opportunity for an attorney with investment management experience to move into, or continue building their career within, an in-house environment and work directly alongside investment professionals, senior leadership, operations, and compliance teams. The role will provide legal and regulatory guidance across private and registered investment funds, with exposure to fund formation, ongoing operations, governance, compliance, and a range of credit investment strategies.

Responsibilities

• Serve as an in-house legal resource to investment, operations, compliance, and other business teams.
• Advise on regulatory matters involving the Investment Advisers Act, Investment Company Act of 1940, securities laws, and other requirements applicable to investment managers.
• Support the formation, structuring, and ongoing operation of private and registered investment funds.
• Provide legal support across credit strategies including private credit, direct lending, asset-based lending, structured credit, and CLOs.
• Review and negotiate fund documentation, including offering materials, partnership agreements, subscription documents, and side letters.
• Advise on fund governance, potential conflicts, trading restrictions, and related compliance matters.
• Support the marketing and distribution of investment products in the U.S. and internationally, including placement agent arrangements.
• Partner closely with the compliance team on policies, procedures, regulatory matters, and ongoing risk management.
• Manage relationships with external counsel and other legal service providers.
• Monitor regulatory developments and advise investment and business teams on their potential impact.

Qualifications & Preferred Experience

• 4-6+ years of relevant legal experience at a law firm, investment manager, or combination of both.
• J.D. from an accredited law school and admission to at least one U.S. state bar.
• Experience advising investment managers, private funds, registered funds, or alternative investment strategies.
• Strong understanding of private fund formation, investment documentation, and ongoing fund operations.
• Knowledge of the Investment Advisers Act and Investment Company Act of 1940 preferred.
• Familiarity with SEC requirements and regulatory compliance applicable to registered investment advisers.
• Experience with private credit, structured credit, CLOs, hedge funds, or other alternative investment strategies is strongly preferred.
• Strong drafting, negotiation, analytical, and communication skills.
• Ability to operate independently and provide practical, business-oriented legal advice to investment professionals and senior stakeholders.
• Experience at a leading investment management law practice or alternative asset manager is preferred.

Additional Information

We may use artificial intelligence (AI) tools to support portions of the hiring process, including resume review and candidate evaluation. These tools assist our recruiting team but do not replace human decision-making. Final hiring decisions are made by human reviewers.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

Compensation will be competitive and commensurate with experience. In addition to base salary, the position is eligible for a discretionary annual bonus.

Benefits may include:

• Medical, Dental, and Vision Insurance
• 401(k) Retirement Plan
• Paid Time Off and Holidays
• Professional Development Opportunities
• Performance-Based Incentive Compensation