Private Funds Counsel

Wellington Management; Boston (MA); Hybrid; USD 120,000 - 225,000; Full time

Benefits offered by this job

Discretionary corporate bonus

Comprehensive benefits package

Flexible work arrangements

Professional development support

Job summary

Wellington Management seeks an experienced attorney to join its Private Funds Legal Team, focusing on private credit and/or private equity funds, co-investment programs and related vehicles. This role supports lifecycle management and regulatory compliance for a growing private capital business.

The counselor will work with global colleagues on transactional, regulatory and strategic matters, advising on fund formation, governance and investor negotiations.

Qualifications

• 8+ years of law practice at a national law firm or in-house.
• Experience with private fund formation and investment adviser regulation.
• Knowledge of federal securities laws and governance frameworks.
• Strong communication, judgment and cross-functional collaboration skills.

Responsibilities

• Advise on formation, operation and governance of private funds and evergreen strategies across US/Cayman/Europe.
• Counsel on platform design, growth, and business initiatives.
• Represent the firm in negotiations with investors and service providers.
• Manage external counsel and third-party providers.
• Monitor regulatory and market developments impacting funds and business.
• Lead or contribute to projects to enhance fund lifecycle support model.
• Collaborate with compliance to develop risk-based policies.

Skills

Private funds formation

Regulatory compliance

Securities laws

Job description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About The Role

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate.

As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. Wellington Management has been investing in private markets for many years, and the firm launched its first dedicated private equity fund in 2014. Currently we manage over US $9 billion in assets across four growth equity/venture fund franchises and private credit strategies, including private equity and private credit strategies including late-stage growth, multi-stage sustainability venture, early-stage venture and hybrid financials.

Position Overview

We are seeking an experienced attorney to join our Private Funds Legal Team to join the ongoing expansion of our private markets business, a global team providing holistic legal support to Wellington Management’s growing private capital business. This new Counsel will join a team of dynamic lawyers advising business, investment and operational colleagues on a range of transactional, regulatory and strategic matters.

This individual will focus primarily on supporting the strategic development, formation and ongoing lifecycle of private credit and/or private equity funds, co-investment programs, evergreen strategies and related vehicles. Counsel will also collaborate closely with other team members and cross-functional colleagues to advise on legal and regulatory developments, new business initiatives and strategic projects.

Responsibilities

• Advise on the formation, operation and governance of private credit, private equity/venture capital funds and evergreen strategies, whether domiciled in the US, Cayman, or Europe
• Counsel business, operational and investment colleagues on a wide range of activities and initiatives, including platform-level design and growth
• Represent the firm in negotiations with fund investors and strategic service providers
• Manage and collaborate with external counsel and alternative providers
• Monitor and advise on legal, regulatory, and market developments impacting our funds and business
• Lead or contribute to team projects to enhance and grow the scalability of our fund lifecycle support model
• Advise and collaborate with compliance partners to develop or update risk-based policies and controls

Qualifications & Skills

• 8+ years of experience practicing law at a national law firm or in-house
• Experience with private fund formation, investment adviser regulation and federal securities laws
• Strong counseling skills and judgment, adept at balancing risks and commercial objectives
• Excellent communication, relationship and influence skills, able to distill complex topics for varied audiences
• Strong organizational skills, comfortable prioritizing and managing competing deadlines in a fast-paced environment
• Demonstrated analytical and problem-solving capabilities, able to proactively identify risks and areas for improvement and drive pragmatic solutions
• Ability to work independently and collaboratively in a team-oriented, global and cross-functional environment
• Growth mindset and intellectual curiosity, open to learning new practice skills and developing new subject matter expertise as needed
• Desire to help develop and grow contributions of early career professionals in the team

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].

Benefits

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 120,000 - 225,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.