Venture Fund Attorney - BigLaw

Ascendion; United States; On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Flexible schedule

PTO

Job summary

Ascendion seeks a seasoned investment funds attorney to lead the drafting and negotiation of fund documents, including LPAs, subscription materials, and side letters for U.S. fund raises.

You will structure fund vehicles, manage carried interest mechanics, and advise on governance and economic terms across multiple closings. NY bar admission and 7+ years of fund formation experience required.

Qualifications

• Admitted and in good standing in a U.S. state bar; New York admission recommended.
• 7+ years of law firm experience in investment funds, including fund formation and investor negotiation.
• Strong drafting, negotiation and communication skills, with ability to run multiple fund launches and closings.

Responsibilities

• Draft and negotiate limited partnership agreements, operating agreements, private placement memoranda, subscription documents and side letters.
• Structure fund entities, parallel and feeder vehicles, blockers, general partners and management companies, including carried interest and distribution waterfall mechanics.
• Advise sponsors on economic terms and governance, key person, removal and successor fund provisions.
• Collaborate with finance and corporate teams on portfolio investments and SPV financing.
• Run investor onboarding and subscription processes and coordinate closings on fund raises.

Skills

Drafting & negotiation

Communication skills

Multi-tasking

Education

Bar admission (US)

Job description

Responsibilities:

• Draft and negotiate limited partnership agreements, operating agreements, private placement memoranda, subscription documents and side letters
• Structure fund entities, parallel and feeder vehicles, blockers, general partners and management companies, including carried interest and distribution waterfall mechanics
• Advise sponsors on economic terms and on governance, key person, removal and successor fund provisions
• Work with the finance and corporate teams on portfolio investments and on the facilities that finance fund and SPV assets
• Run investor onboarding and subscription processes and coordinate closings on fund raises

Requirement:

• Admitted and in good standing in a U.S. state bar. New York admission
• 7+ years of law firm experience in investment funds, including fund formation and investor negotiation
• Working knowledge of the Securities Act private offering exemptions, the Investment Company Act exclusions, and Investment Advisers Act registration and exemption questions
• Strong drafting, negotiation and communication skills, and the ability to run several fund launches and closings at once
• Private credit or specialty finance funds, warehouse or forward flow vehicles, and bankruptcy-remote SPVs.
• Experience with management company and GP-level economics, including carry vesting and co-invest allocation

The annual salary for this position is between 250k-300k. Factors which may affect pay within this range may include geography/market, skills, education, experience and other qualifications of the successful candidate.

Full Benefits offered - Medical, Dental, etc. Flexible work schedule + PTO + Vacation time