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Role Responsibilities:
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As an attorney within the Alternatives Legal Team, you will execute your responsibilities in partnership with the Head of Alternatives. This is a fast-paced and dynamic environment. To execute your responsibilities, you are comfortable managing competing priorities and providing thoughtful, well-reasoned guidance to nuanced circumstances so that we meet regulatory requirements and our fiduciary responsibility to our clients. You should have extensive experience drafting private placement memorandum, partnership agreements and side letters and have an understanding of market terms. Your exceptional, clear, and concise interpersonal communication skills will help you as you collaboratively problem-solve situations to meet the expectations of demanding clients. You will utilize your intellectual curiosity as you keep abreast of all of the regulatory requirements and changes that impact the jurisdictions in which we conduct business. We expect that you will execute your responsibilities efficiently and effectively.
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Your responsibilities will include but not be limited to:
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<li> Structuring new product launches and drafting fund formation documentation for investment vehicles taking into consideration tax and regulatory implications for each jurisdiction during the formation process.</li>
<li> Strategizing with your legal counterparts in the various jurisdictions to ensure compliance with legal and regulatory requirements.</li>
<li> Interpreting contract provisions and investment guidelines and effectively communicating those interpretations to internal clients.</li>
<li> Negotiating third party agreements, such as side letters and service provider agreements.</li>
<li> Providing sound and comprehensive legal advice while taking into account AB’s business objectives.</li>
<li> Managing client expectations to meet business objectives while ensuring compliance with legal and regulatory requirements.</li>
<li> Understanding compliance obligations relating to private funds and coordinating compliance initiatives.</li>
<li> Managing junior attorneys.</li>
<li> Providing support on AB proprietary acquisition transactions including drafting agreements and related securities filings and other documentation utilized in complex M&A transactions.</li>
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About the Department
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The Legal and Compliance Department is responsible for ensuring compliance with all of the legal and regulatory requirements to which we are subject, protecting the firm from regulatory and reputational risk across the globe, and strengthening the firm’s culture of compliance. We do this through collaborative partnership with the business units we support by providing thoughtful and timely advice. In addition, the department conducts global monitoring and training activities that prevent, detect and mitigate regulatory and reputational risk. The advice coupled with the monitoring and training activities provide the framework to support the firm’s business strategy and objectives while maintaining a high standard for integrity.
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About the Team
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The Alternatives Legal Team is responsible for coordinating and supervising the legal aspects of AB’s privately-offered alternative investment vehicles from launch through each fund’s life cycle. AB’s alternative products platform has expanded dramatically in the past several years. We support a number of different client groups within AB.
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The principal client groups supported by the alternative products legal group are:
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<li> Hedge Funds. AB currently manages a number of proprietary hedge funds and a fund-of-managers platform.</li>
<li> Private Credit. During the past several years AB has acquired, through lateral acquisitions, groups and individuals who have formed and are managing assets in direct lending or private credit businesses. These include:
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<li> Middle Market Direct Lending, through several private investment funds and a business development company (BDC).</li>
<li> Commercial Real Estate Direct Lending, for both US real estate lending and European real estate lending.</li>
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<li> Hedge Fund-of-Funds. AB has a group which manages through AB-sponsored funds-of-funds investments in hedge funds managed by third party managers.</li>
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<li> Sector and Geographic Specific Funds. AB has formed and is managing private funds which invest in mortgage-backed securities, regional financial institutions, frontier market companies and the energy sector.</li>
<li> Private Equity Fund-of Funds. AB has developed a relationship with third-party private equity fund-of-funds managers to provide access to these investments for our private wealth channel.</li>
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The AB alternative products private investment fund business is growing rapidly, and AB may acquire additional groups to fill in gaps in our product offering. AB currently manages billions for high net worth individuals and an important focus of AB’s alternative products business plan is to create fund vehicles which can meet the investment needs of AB’s private clients.
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Minimum Qualifications
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The minimum qualifications are as follows:
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<li> JD degree and member in good standing with state bar association.</li>
<li> 7-10+ years of experience with alternatives fund formation; exposure to M&A activities a plus.</li>
<li> Law firm experience required, and in-house experience with an asset management company comparable to AB is a plus.</li>
<li> U.S. and foreign securities law experience with a full range of onshore and offshore private investment vehicles offerings.</li>
<li> Experience with structuring of U.S. and offshore fund vehicles and familiarity with related tax and ERISA issues.</li>
<li> Knowledge of laws and regulations relating to private fund formation and compliance in the U.S. and in frequently used offshore jurisdictions including Luxembourg and the Cayman Islands.</li>
<li> Working knowledge of the Investment Advisers Act and the requirements of the European Alternative Investment Fund Managers Directive (AIFMD).</li>
<li> Knowledge of Delaware limited partnerships, LLCs and trust vehicles and excellent drafting abilities relating to fund formation documents for these vehicles.</li>
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Preferred Qualifications
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The preferred qualifications are as follows:
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<li> Experience with one or more of the following:</li>
<li> Business development companies</li>
<li> REITs</li>
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Company Description
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As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.
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With over 3,700 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
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EEOC Statement
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<i> People of color</i>
<i>, women, and those who identify as LGBTQ people are encouraged to apply. </i>
<i>AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.</i>
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<div></div> Nashville, Tennessee
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