Business Unit: The Private Wealth Public Funds (PWPF) Legal group, supporting Blackstone Private Wealth.
Blackstone Private Wealth represents $302 billion of Blackstone's more than $1 trillion of AUM and is a key growth driver for the firm. The individual investor space is at the epicenter of investment management and Blackstone Private Wealth is one of the most successful businesses of its kind in the industry. The Private Wealth Group is highly entrepreneurial and has a stated goal of hitting $1 trillion in AUM within the business unit, and the PWPF Legal team is core to this mission.
Job Description:This role sits within a fast-growing and dynamic business, with a focus on registered funds and BDCs within Blackstone's industry-leading Private Wealth Group. The attorney will work on a variety of legal and general corporate matters, including product structuring and managing the day-to-day legal matters for new and existing registered funds and other vehicles for private wealth channels. The candidate will collaborate cross-functionally across Private Wealth and other Blackstone business units, including with the Investment Teams, Operations, Institutional Client Solutions, Finance, Tax, Public Affairs, and other groups in the U.S., Europe, Latin America, and Asia.
Primary job responsibilities will include:
- Participating in the design, launch, and ongoing management of new and existing registered funds and other vehicles.
- Assisting with project management and fund formation matters and participating in product development of various investment structures across multiple jurisdictions.
- Participating in the creation and management of registered fund board materials.
- Managing regulatory filings (e.g., 8-Ks, 10-Q/Ks, Form 10s, N-2s, N-CSRs, and prospectus updates) and assisting with day-to-day oversight of legal matters.
- Providing legal support in connection with the development of marketing and fundraising materials for registered funds.
- Working with the in-house Legal & Compliance team and external counsel to monitor and implement legal and regulatory developments that impact the registered funds.
- Providing regulatory and legal advice to investment professionals and business personnel, including preparation of reports for the investment team and senior management.
Qualifications:
- 5+ years of experience practicing law as a law firm associate or in-house counsel, preferably focused on registered funds and investment management law, including the Investment Company Act of 1940. Capital markets or similar public company experience is also suitable.
- Familiarity working on BDCs and interval funds is strongly preferred but not required.
- Experience with public company filings is preferred.
- Experience with ERISA, retirement assets, and private fund vehicles is helpful, but not required.
- Creative problem solver with a can-do attitude.
- Interest in a dynamic and high growth environment.
- Highly motivated, enthusiastic, and proactive, with a demonstrated record of excellence in prior endeavors.
- Exercise sound judgment in new situations and to independently manage projects to conclusion.
- Strong time management and task prioritization skills.
- Manage multiple priorities and stakeholders while raising issues in a timely and productive fashion.
- Possess an interest in financial markets and legal processes with a capability to step in and work directly with stakeholders in the business.
- Strong and independent thinker with excellent interpersonal skills.
- Strong organizational and communication skills, with a demonstrated capability to convey complex legal concepts to non-legal stakeholders.
- Desire to work as part of a collaborative team and willingness to embrace a variety of issues and responsibilities.
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:$165,000 - $250,000
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 role consist 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.
