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Investment Attorney

2 months ago


Austin, Texas, United States Texas Permanent School Fund Corporation Full time
About the Job

The Investment Attorney will report to the Chief Legal Officer and focus on investments, regulatory, contract, and other matters related to the investment and general operations that can directly impact the fund's investment activities and performance. This role will ensure that Texas PSF's investments adhere to legal and regulatory frameworks while optimizing performance by drafting, reviewing, and negotiating investment contracts, and providing legal counsel on securities law, compliance, and related matters to safeguard the fund's interests and maintain its reputation for integrity.

About the Corporation

The Texas Permanent School Fund Corporation (PSF) was established in 1845 as a perpetual fund to support the state's public schools and has since grown to comprise over $55 billion in assets, distributing nearly $2.2 billion annually to Texas K-12 schools.

Key Responsibilities
  • Draft, review, and negotiate a wide range of investment-related contracts, including limited partnership and limited liability company agreements, investment management agreements, co-investment agreements, and confidentiality agreements.
  • Conduct thorough legal due diligence on potential investments, assessing regulatory compliance, risks, and potential legal issues in collaboration with outside counsel.
  • Review and respond to legal requests related to existing investments, including amendments, investor consents, investor advisory committee decisions, waivers, and most favored nation side letter reviews.
  • Monitor and ensure compliance with applicable laws, legislation, regulations, and internal policies across the fund's investment portfolio.
  • Assist in the resolution of investment-related disputes, which may include litigation or mediation, and public information requests ensuring the fund's interests are protected.
Qualifications
  • Juris Doctor (J.D.) degree or equivalent from an accredited law school.
  • Licensed to practice law in the State of Texas and a member in good standing of the State Bar of Texas, or licensed by another state to practice law and eligible for Texas licensure under applicable rules of the Board of Law Examiners in which case the selected candidate would be required to obtain membership in the State Bar of Texas within 12 months of hire.
  • Proven experience as an intermediate level attorney with full-time experience as a practicing attorney in an investment related setting, including as counsel to an institutional investor or as fund counsel.
We Offer
  • Bonuses based on individual and fund performance.
  • State-paid health and life insurance plans.
  • Optional benefits, such as dental, vision, short- and long-term disability insurance, 401K and 457 plans and much more.
  • State of Texas defined benefit plan.
  • Paid holidays, annual leave, and sick leave.