Senior Fund Formation Attorney; Remote

Fund Formation Attorney
Job responsibilities:

• As a senior member of Allocate’s legal team, you will play a dynamic and vital role in supporting Allocate’s long-term growth. You will be responsible for providing comprehensive assistance with fund formation, onboarding, fund filings, regulatory compliance, as well as corporate governance matters, and other legal activities. The successful candidate should possess a strong understanding of private funds and investment management concepts, along with excellent organizational and communication skills.

• Responsibilities include:

• Fund Formation. Manage and assist with the formation of investment vehicles, including structuring, initial filings and incorporation, the preparation and review of fund documentation such as limited partnership agreements, private placement memoranda, and subscription documents.

• Regulatory Compliance. Monitor and maintain compliance with relevant laws, regulations, applicable filings, and industry standards applicable to registered advisers and private investment funds, including requirements under the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Act of 1933, and related rules. Assist in the preparation and submission of regulatory filings, reports, and disclosures to regulatory authorities.

• Investments. Perform due diligence on both private fund investments and co‑investments, negotiate terms and side letters.

• Investor Relations. Support investor onboarding, address legal inquiries and requests, including assisting in the review of subscription documentation, verification of client due diligence, and transfer requests.

• Document Management. Draft, review, and maintain legal documentation, including Form ADV, client agreements, and compliance‑related materials.

• Internal Support. Collaborate with team members on various projects, providing legal support and contributing to the growth of Allocate.

• Product Strategy. Assist General Counsel and engineering teams in development of new legal product offerings.

• At least 6 years of fund formation experience, in‑house or at a law firm.

• Strong understanding of the asset management industry and securities markets, as well as detailed knowledge of securities laws, rules and regulations that relate to investment advisers (e.g., the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities and Exchange Act of 1934, the Securities Act of 1933, the Commodities Exchange Act, SEC rules). Understanding of the broker‑dealer industry and related FINRA rules is a plus, as is experience with bank regulatory regimes.

• Willingness to be very hands‑on and proactive in offering solutions; comfortable with, AI, technology and data.

• Strong organizational skills with the capability to manage multiple tasks and meet deadlines effectively, while maintaining keen attention to detail and accuracy in all work product.

• Excellent written and verbal communication skills, with the ability to interact professionally with clients and team members.

• Providing our clients with a world‑class experience is our number one priority. We obsessively search for ways to improve the experience for our clients and partners. This requires extraordinary response times, proactivity, and ensuring that everything we do, from product strategy to offline communications is a top‑tier client experience.

• Challenge convention:
  Instead of detailing all the reasons why an idea may not work, we constantly question things to determine how a viable idea may be put into motion.

• Commitment to continuous improvement:
  We find ways to personally scale each day by pushing ourselves up the learning curve.

• Meritocracy, not politics:
  We place the utmost value on results and rewards through merit, not reward actions driven by political agendas or behavior.

• Civil Discourse is embraced:
  We believe open, intellectually curious conversations are required to arrive at the best decisions. Respect is paramount in our dealings with one another, but our mission is always to get the right answer collectively, not to be right.

• Hybrid

• Reporting to:
  General…