Senior Fund Counsel

2 weeks ago


New York, New York, United States The Ladders Full time
About The Ladders

The Ladders is at the forefront of transforming the landscape of alternative investments. Our innovative financial technology platform has revolutionized how financial advisors, wealth management firms, asset managers, and banking institutions assess and recommend tailored public and private market strategies for affluent clients. We manage a substantial portfolio of global client assets invested across numerous funds.

Position Overview

We are seeking a Senior Fund Counsel to join our Legal team. This role will primarily involve representing perpetual capital vehicles within the regulatory framework of the 1940 Act, addressing a diverse range of issues including compliance, regulatory matters, capital acquisition, marketing strategies, investor relations, fund structuring, and corporate transactions. The ideal candidate will possess comprehensive knowledge of the retail investment management sector and have substantial experience in drafting and negotiating fund-related documents and materials. Experience in transitioning private market investments into interval funds and tender offer closed-end funds registered under the 1940 Act is highly desirable. This individual will collaborate closely with our General Counsel and Deputy General Counsel throughout the fund formation process.

Key Responsibilities
  • Negotiate various agreements with counterparties, including fund managers, business development companies (BDCs), non-traded real estate investment trusts (REITs), private REITs, and other closed-end funds registered under the 1940 Act.
  • Draft and review offering materials for registered funds and legal documentation for private funds.
  • Assist in ensuring compliance with the substantive provisions of the 1940 Act, particularly those governing affiliated transactions, fund-of-fund arrangements, and advisory and distribution contracts.
  • Provide legal guidance on the implications of introducing new and existing products and services.
  • Coordinate the engagement of external legal counsel on various issues, including regulatory, corporate, and fund investment matters.
  • Review materials to ensure compliance with SEC and FINRA regulations.
  • Draft and review various contracts, non-disclosure agreements, and other legal documents.
  • Conduct ad hoc research projects as needed.
Qualifications
  • A minimum of 5 years of experience in fund formation within the registered fund or mutual fund sector.
  • In-depth knowledge of the 1940 Act.
  • Active member in good standing of the New York Bar or another state or jurisdiction.
  • Experience in a law firm or in-house at an asset management firm is advantageous.
  • Strong interpersonal and leadership capabilities.
  • Willingness to learn and adapt in a dynamic business environment.
  • High level of integrity and professionalism.
  • Organized and detail-oriented with the ability to see the bigger picture.
Compensation and Benefits

The compensation package for this role includes a competitive salary, equity for all full-time employees, and an annual performance bonus. Employees also benefit from a comprehensive benefits package, which includes a matched retirement plan, subsidized healthcare, dental and vision coverage, telemedicine services, parental leave, and unlimited paid time off (PTO).

At The Ladders, we believe that collaboration fosters the best ideas and innovation. Employees in this role will work in the office four days a week, with the flexibility to work remotely one day. Each department has unique needs, and some positions may be designated as in-office roles based on their specific functions.

We are proud to be an Equal Employment Opportunity and Affirmative Action employer, committed to creating a diverse and inclusive workplace.

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