Legal Counsel - Investments

<p><b>Firm Overview </b></p> <p>Cambridge Associates was founded in the early 1970s to assist nonprofit institutions with the investment of their endowment assets. Today, we provide investment management, financial planning, and proprietary investment research to over 1000 clients including nonprofit institutions, private clients (families), pension plans, and other large institutional investors. The firm advises on all asset categories, including equities, credit, hedge funds, real assets, and private equity investments. Our goal is to meet clients wherever they are in the investment process and create custom portfolios to meet each client’s investment objectives. We offer a variety of services to complement those needs, from acting as an outsourced investment office to providing access to our world-class digital research platform. Committed to independence since our founding 50 years ago, we are motivated only by what is best for our clients.</p> <br> <p></p> <p> Cambridge Associates has a staff of more than 1,300 professionals, including 200 Investment Directors and 150 Investment Associates, based in 11 offices located in Beijing, Boston, Dallas, London, San Francisco, New York City, Singapore, Sydney, and Washington DC. We select our employees with great attention to their potential to become valuable members of a collegial, intelligent, and hard-working team.</p> <br> <p></p> <p><b> Position Overview</b></p> <p> The <b>Legal Counsel – Investments</b> will be responsible for delivering legal support for the client investment process. This work will include reviewing and negotiating a broad range of investments, with a focus on private funds, such as hedge funds, private equity funds and venture capital funds, as well as separately managed accounts. In addition, this may include supporting the development, launch and maintenance of investment vehicles. This lawyer will work with other lawyers and staff within the Legal and Compliance Team. There will be significant interaction with the CA investment and operations teams; external investment management firms and their legal counsel; and other external parties.</p> <br> <p></p> <p><b> Job Responsibilities</b></p> <ul> <li>Review and negotiate alternative investments across all asset classes, with a focus on closed-end funds (e.g., private equity funds, private credit funds, venture capital funds, secondaries funds, co-investment funds); hedge funds; separately managed accounts; and traditional long-only funds.</li> <li>Advise investment teams on commercial and legal terms governing investments. Work closely with investment teams to seek to improve those terms in favor of CA’s clients through negotiation. Draft and edit investment documents.</li> <li>Assess suitability of investments from regulatory, tax and local-law standpoints for the accounts of a broad range of Endowment and Foundation, Pension, and Private clients operating and/or formed in many jurisdictions globally. Coordinate with and manage external counsel.</li> <li>Support the development, launch and ongoing operation of various CA investment vehicles, including legal, regulatory and tax structuring, and drafting / reviewing and negotiating constituent documentation (e.g., limited partnership agreements, series agreements, associated offering documents).</li> <li>Assist operations with legal questions arising in the consummation of investments.</li> <li>Gain, record and retain familiarity with the unique characteristics and requirements of many clients.</li> <li>Direct, educate and instruct investments and operations teams regarding investment fund documentation and function.</li> <li>Advise on corporate actions (e.g., proposed fund amendments and consents), securities laws, the Advisers Act, corporate matters and other matters.</li> </ul> <br> <p></p> <p><b> Qualifications</b></p> <ul> <li>J.D. degree required.</li> <li>Licensed and in good standing to practice in the United States.</li> <li>3 years of experience with a top law firm, or a combination of law firm and in-house experience.</li> <li>Flexibility</li> </ul> <br> <p></p> <p><b> Experience and Skills</b></p> <ul> <li>General areas of law covered: discretionary and non-discretionary investment advisory services, investment management, private funds, securities, ERISA, general familiarity with U.S., U.K. and E.U. tax and regulatory matters related to private investment funds, transactional work.</li> <li>Experience with privately offered / alternative investments, and related legal documentation including partnership agreements, investment management agreements, LLC agreements, side letters, subscription agreements, NDAs, offering memoranda.</li> <li>Familiarity with institutional investment services and/or products.</li> <li>Specific experience with primary, secondary, and direct transactions in private equity, venture capital, and real estate is preferred.</li> <li>Experience with regulatory, risk and compliance matters (primarily U.S., but U.K., E.U. will be helpful).</li> <li>Exposure to tax matters relating to private investment funds.</li> <li>Ability to organize and manage multiple projects simultaneously.</li> <li>Comfortable communicating with all levels of the firm (strong written/verbal skills).</li> <li>Ability to produce high quality output in heavy volume environment; attention to detail.</li> <li>Ability to take direction and work independently.</li> </ul> <p></p>