40 Act Fund Lawyer
pantheonpublic
3 months ago
Full-time
On-site
New York, New York, United States
$250,000 - $300,000 USD yearly
Operations
Moneyboard classification: Published range reaches threshold
Reported USD annual base: $250,000–$300,000
Original source: Greenhouse
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide
For further details please visit www.pantheon.com
Purpose of Position
Pantheon is seeking a Principal-level 40 Act registered funds lawyer to join its Legal team in New York. We are seeking an experienced investment management attorney to serve in a senior legal role focused on the formation, structuring, support and ongoing operation of registered investment companies (tender offer funds, interval funds and other registered vehicles) investing in alternative asset strategies. The ideal candidate will have deep expertise advising on ’40 Act registered funds with exposure to private equity, infrastructure, private credit/debt, and other illiquid alternative investments, including complex affiliated transaction and co-investment issues under Sections 17(a) and 17(d) of the Investment Company Act of 1940. As Pantheon continues to expand its private wealth and evergreen product range, this role will be central to the firm's US retail and semi-liquid vehicle strategy.
This role will partner closely with business (investment and sales), compliance, structuring, portfolio management, tax, finance, operations, and external counsel teams to support innovative investment products and transactions across public-private investment platforms.
In addition, the role will also include assisting with general corporate group, regulatory and compliance matters and assisting the various investment team divisions with investment related work.
Key Responsibilities
40 Act Registered Fund Management
Liaise and collaborate with parent company on all ongoing SEC reporting obligations, including but not limited to Forms N-2 and other related filings, working with external counsel and internal stakeholders.
Lead the drafting of fund documents, including prospectuses, statements of additional information, subscription agreements, distribution agreements, custody arrangements, and transfer agency contracts.
Oversee, and assist parent company, as applicable, with, distribution and intermediary agreements, including selling agreements with broker-dealers and distribution platforms, and ensure compliance with FINRA requirements.
Registered Fund Formation & Structuring
Lead and advise on the formation, launch, registration, and ongoing operation of Investment Company Act of 1940 registered funds, including:
Closed-end funds
Interval funds
Tender offer funds
Other registered alternative investment vehicles
Structure registered products investing in:
Private equity funds and direct investments
Infrastructure funds and assets
Private credit/private debt investments
Other alternative and illiquid investment strategies
Coordinate with the marketing, sales, investment, tax, finance, operations and investment execution and tax teams on structuring and product development, including feeder fund structures, master-feeder arrangements, and subsidiaries.
Draft and negotiate offering, governance, and operational documentation associated with registered funds and underlying investments.
Investment & Transactional Support
Advise on underlying portfolio investments made by registered funds into private funds, co-investments, joint ventures, and direct investments.
Analyze and advise on:
Section 17(a) affiliated transaction issues
Section 17(d) and Rule 17d-1 co-investment considerations
Valuation, governance, and conflict-related issues associated with alternative investments
Coordinate with investment professionals, investment execution and tax teams and compliance teams on transaction execution and regulatory considerations.
Assist investment execution team as needed with review and negotiation of side letters, subscription agreements, partnership agreements, and related investment documentation.
Preparing and maintaining various Pantheon fund/client checklists
Compliance & Regulatory Affairs
Partner with the Chief Compliance Officer and compliance team on the design and maintenance of 40 Act-specific compliance policies and procedures, and internal controls relating to registered alternative investment products..
Provide day-to-day legal advice regarding the Investment Company Act of 1940, Investment Advisers Act of 1940, and related SEC rules and guidance.
Support board materials and regulatory filings as needed and in coordination with parent company, exemptive applications, no-action letter requests, and SEC interactions.
Advise on product governance, conflicts management, and legal and regulatory risk matters.
Manage or coordinate responses to SEC examinations and inquiries relating to registered funds.
Advise on affiliated transaction policies, codes of ethics, and conflict-of-interest frameworks as they apply to registered vehicles.
Monitor SEC rulemaking and regulatory developments affecting registered closed-end funds and interval funds; assess the impact on Pantheon's product range and advise leadership accordingly.
Corporate
Drafting / reviewing / negotiating a wide range of contracts (including commercial agreements, contracts with service providers, and statements of work)
Supervising and educating external counsels on Pantheon practices
Attending to other general Pantheon group corporate matters
Stakeh
Reported USD annual base: $250,000–$300,000
Original source: Greenhouse
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide
For further details please visit www.pantheon.com
Purpose of Position
Pantheon is seeking a Principal-level 40 Act registered funds lawyer to join its Legal team in New York. We are seeking an experienced investment management attorney to serve in a senior legal role focused on the formation, structuring, support and ongoing operation of registered investment companies (tender offer funds, interval funds and other registered vehicles) investing in alternative asset strategies. The ideal candidate will have deep expertise advising on ’40 Act registered funds with exposure to private equity, infrastructure, private credit/debt, and other illiquid alternative investments, including complex affiliated transaction and co-investment issues under Sections 17(a) and 17(d) of the Investment Company Act of 1940. As Pantheon continues to expand its private wealth and evergreen product range, this role will be central to the firm's US retail and semi-liquid vehicle strategy.
This role will partner closely with business (investment and sales), compliance, structuring, portfolio management, tax, finance, operations, and external counsel teams to support innovative investment products and transactions across public-private investment platforms.
In addition, the role will also include assisting with general corporate group, regulatory and compliance matters and assisting the various investment team divisions with investment related work.
Key Responsibilities
40 Act Registered Fund Management
Liaise and collaborate with parent company on all ongoing SEC reporting obligations, including but not limited to Forms N-2 and other related filings, working with external counsel and internal stakeholders.
Lead the drafting of fund documents, including prospectuses, statements of additional information, subscription agreements, distribution agreements, custody arrangements, and transfer agency contracts.
Oversee, and assist parent company, as applicable, with, distribution and intermediary agreements, including selling agreements with broker-dealers and distribution platforms, and ensure compliance with FINRA requirements.
Registered Fund Formation & Structuring
Lead and advise on the formation, launch, registration, and ongoing operation of Investment Company Act of 1940 registered funds, including:
Closed-end funds
Interval funds
Tender offer funds
Other registered alternative investment vehicles
Structure registered products investing in:
Private equity funds and direct investments
Infrastructure funds and assets
Private credit/private debt investments
Other alternative and illiquid investment strategies
Coordinate with the marketing, sales, investment, tax, finance, operations and investment execution and tax teams on structuring and product development, including feeder fund structures, master-feeder arrangements, and subsidiaries.
Draft and negotiate offering, governance, and operational documentation associated with registered funds and underlying investments.
Investment & Transactional Support
Advise on underlying portfolio investments made by registered funds into private funds, co-investments, joint ventures, and direct investments.
Analyze and advise on:
Section 17(a) affiliated transaction issues
Section 17(d) and Rule 17d-1 co-investment considerations
Valuation, governance, and conflict-related issues associated with alternative investments
Coordinate with investment professionals, investment execution and tax teams and compliance teams on transaction execution and regulatory considerations.
Assist investment execution team as needed with review and negotiation of side letters, subscription agreements, partnership agreements, and related investment documentation.
Preparing and maintaining various Pantheon fund/client checklists
Compliance & Regulatory Affairs
Partner with the Chief Compliance Officer and compliance team on the design and maintenance of 40 Act-specific compliance policies and procedures, and internal controls relating to registered alternative investment products..
Provide day-to-day legal advice regarding the Investment Company Act of 1940, Investment Advisers Act of 1940, and related SEC rules and guidance.
Support board materials and regulatory filings as needed and in coordination with parent company, exemptive applications, no-action letter requests, and SEC interactions.
Advise on product governance, conflicts management, and legal and regulatory risk matters.
Manage or coordinate responses to SEC examinations and inquiries relating to registered funds.
Advise on affiliated transaction policies, codes of ethics, and conflict-of-interest frameworks as they apply to registered vehicles.
Monitor SEC rulemaking and regulatory developments affecting registered closed-end funds and interval funds; assess the impact on Pantheon's product range and advise leadership accordingly.
Corporate
Drafting / reviewing / negotiating a wide range of contracts (including commercial agreements, contracts with service providers, and statements of work)
Supervising and educating external counsels on Pantheon practices
Attending to other general Pantheon group corporate matters
Stakeh