Registered Fund Attorney - Senior Vice President

iCapital; Greenwich (CT); Hybrid; USD 240,000 - 280,000; Full time

Benefits offered by this job

Equity for all full-time employees

Retirement plan (employer matched)

Comprehensive healthcare (medical, +d,

Telemedicine

Mental health counseling

Parental leave

Unlimited PTO

Job summary

iCapital seeks a Senior Vice President to join its Legal Department, Registered Funds team, to lead fund formation and regulatory matters for 1940 Act products, including TO Funds, Interval Funds, ETFs, CITs, UITs and SMAs.

The role collaborates with Product Development, Finance and Compliance, drafting and negotiating fund documents and vendor agreements, and guiding compliance with 1933/1934/1940 Acts, governance, and related matters.

Qualifications

• 6+ years of fund formation experience within the registered fund or mutual fund space.
• Strong knowledge of the 1933 Act, 1934 Act and 1940 Act and Forms N-1A and N-2.
• Experience developing, launching, distributing and maintaining TO Funds and Interval Funds, or UITs/CITs.
• Member in good standing of NY, CT Bar or another state or relevant jurisdiction.
• Law firm or in-house experience at an asset management firm is a plus.

Responsibilities

• Partner with Product Development, Finance and Product Maintenance to structure and maintain TO Funds, Interval Funds, ETFs, CITs, UITs or SMAs.
• Negotiate agreements with distributors, service providers, fund managers and other funds.
• Draft and review fund offering documents (PPMs, Prospectuses) and related legal materials.
• Advise on provisions of the 1933/1934/1940 Acts including affiliated transactions and fund-of-fund arrangements.
• Coordinate with outside counsel on regulatory, corporate and fund investment work.
• Assist with governance matters related to launches and distributions of registered funds.

Skills

Fund formation

1940 Act expertise

1933/1934 Act knowledge

Bar admission CT/NY

Negotiation

Regulatory compliance

Job description

Registered Fund Attorney - Senior Vice President

About the Role

iCapital is seeking a Senior Vice President to join its Legal Department, Registered Funds Legal Team to assist with the expansion and management of iCapital’s registered 1940 Act product launch and regulatory program. This role will work closely with the senior Portfolio Management, Product Development, Legal, Finance, and Regulatory and Compliance Team members on a variety of legal and regulatory matters focused on registered funds, such as closed-end tender offer funds (TO Funds), interval funds (Interval Funds), exchange-traded funds (ETFs), collective investment trusts (CITs), unit investment trusts (UITs) and separately managed accounts (SMAs). The ideal candidate has exposure to all aspects of the retail investment management business and should have experience in drafting and negotiating fund documents and related fund materials, including placement agreements and vendor agreements.

Responsibilities

• Partner with the Product Development, Finance and Product Maintenance Teams to structure, launch, distribute and maintain TO Funds, Interval Funds, ETFs, CITs, UITs or SMAs across the spectrum of alternative asset classes.
• Negotiate various agreements with counterparties including distributors, service providers, fund managers and BDCs, non-traded REITs, private REITs, and other closed-end funds registered under the 1940 Act.
• Draft and review of registered fund offering materials such as Private Placement Memorandum and Prospectuses, and private fund, UIT and ETF legal documentation.
• Assist regulatory and compliance with matter and questions pertaining to substantive provisions of the 1933 Act, 1934 Act and 1940 Act, including those governing affiliated transactions, fund-of-fund arrangements, and advisory and distribution contracts.
• Advise on the legal implications of offering new and existing products and services.
• Coordinate use of outside legal counsel with respect to a variety of issues including regulatory, corporate and fund investment work.
• Assist with various Corporate Governance related matters related to the launch, maintenance and distribution of various registered investment companies including TO Funds, Interval Funds, ETFs and UITs.
• Assist with issues related to ERISA and Banking laws.
• Review materials for SEC, CFTC/NFA or FINRA compliance, as appropriate.
• Draft, review and negotiate various types of fund and related contracts, including various advisory, distribution, and trading agreements as well as other legal documentation related to fund formation.
• Perform ad hoc research projects.
• Partner with other Legal and Compliance Team members on various product and regulatory matters.

Qualifications

• 6+ years of fund formation experience within the registered fund or mutual fund space
• Strong knowledge of the 1933 Act, 1934 Act and 1940 Act and Forms N-1A and N-2
• Strong knowledge and experience related to the development, launch, distribution and maintenance of TO Funds and Interval Funds, or alternatively UITs or CITs
• Member in good standing of NY, CT Bar or another state or relevant jurisdiction
• Law firm or in-house experience at an asset management firm is a plus
• Commodity Exchange Act and NFA Rules experience is a plus
• Demonstrated ability to manage fund launch and completion of related documentation in accordance with project plans
• Strong interpersonal and communication skills
• Willingness to learn new topics and work in an evolving business environment
• Organized and detail-oriented with big picture capabilities

The base salary range for this role is $240,000 to $280,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

iCapital is proud to be an Equal Employment Opportunity and Affidantive Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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