Private Funds Associate (Mid level) - Chicago at Direct Counsel

Position: Mid-Level Associate – Fund Formation & Investment Management
Location: Miami, FL or Chicago, IL (Hybrid)
Compensation: $250k/y-$320k/yr, based on experience. Full benefits package included.

Responsibilities:

• Advise private equity, venture capital, and hedge fund managers on fund formation and structuring, including GP and management company entities, investment funds, and alternative investment vehicles.

• Represent investor clients in side letter negotiations and provide counsel on investment opportunities with third-party managers.

• Assist clients with fundraising processes, regulatory compliance, and day-to-day legal needs.

• Draft, review, and negotiate fund agreements and related documentation.

• Collaborate with colleagues in a fast-paced, client-driven practice.

Qualifications:

• Juris Doctor degree; admission to practice in Florida or Illinois (or eligibility for admission).

• 4–6 years of large law firm experience, with exposure to fund formation and investment adviser work.

• Strong academic background and superior legal research, drafting, and analytical skills.

• Interest in developing a practice in private funds law.

• Basic understanding of entity types from a tax perspective and the Federal securities laws (’33 Act, ’34 Act, Investment Company Act, Investment Advisers Act).

• Familiarity with fund economics and ability (or motivation to learn) to draft related language in fund agreements.

• Excellent communication skills, attention to detail, and ability to handle multiple matters simultaneously.

• Candidates should specify preferred office location (Miami or Chicago) when applying.