Fund Formation Attorney, AVP

Blackstone

$135K — $200K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience in fund formation law
  • In-house fund formation lawyer or law firm background with hands-on fund documentation experience
  • Deep understanding of closed-end private funds, including fund economics and waterfall structures
  • Understanding of key LP protections is essential
  • Strong issue spotter and problem solver
  • Collaborative team player comfortable working across various business lines and stakeholders

Responsibilities

  • Assist with launching new fund products, advising on structure and regulatory considerations
  • Coordinate with outside counsel and business groups on fund formation matters
  • Interact with Institutional Client Solutions and other business teams
  • Negotiate and draft limited partnership agreements and other fund documentation
  • Manage fund closings, driving processes to completion and resolving documentation issues

Benefits

  • Comprehensive health benefits including medical, dental, and vision
  • Paid time off
  • Life insurance
  • 401(k) plan
  • Discretionary bonuses
  • Possible eligibility for equity and other incentive compensation
Full Job Description

The attorney will be part of a small, dedicated centralized fund formation legal team within Blackstone and will assist in all aspects of fund formation and fundraising across Blackstone's institutional fund platform.

  • Assist with the launch of new fund products across Blackstone's platform, including advising on fund structure, regulatory considerations, and formation timelines

  • Assist and coordinate with outside counsel and business groups on fund formation matters, including capital formation, fundraising, and fund structuring questions

  • Interact closely with Institutional Client Solutions, business teams and L&C

  • Assist in negotiating and drafting limited partnership agreements (LPAs), side letters, most favored nations (MFN) elections, subscription documents, and other fund governing and offering documents, including responding to LP requests and comments

  • Assist in managing fund closings and helping drive closing processes to completion, including coordinating with internal stakeholders, outside counsel and investors, and resolving subscription documentation issues

Qualifications:

  • 3+ years of experience practicing fund formation law

  • Candidate is an in-house fund formation lawyer or comes from a law firm with a fund formation practice, with hands-on experience drafting fund documentation

  • Must have technical experience and an understanding of closed-end private funds, including fund economics, waterfall structures, and key LP protections

  • Experience with open-ended private funds is not required but is a plus

  • Strong issue spotter, practical thinker, and problem solver

  • Collaborative team player, comfortable working across multiple business lines, fund types, and stakeholder groups


The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$135,000 - $200,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the roleconsist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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